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New Pay Regulations on Executive Pay

On 1st January 2019, new regulations came into force meaning that the UK’s largest companies will have to disclose their top executives’ pay and explain the gap between this pay and their average worker. The regulations make it a legal statutory requirement for UK listed companies with more than 250 employees to disclose annually the ratio of their CEO’s pay to the median, lower quartile and upper quartile pay of their UK employees. Companies will need to start reporting on this in 2020. These reforms form part of the government’s action to upgrade corporate governance in the UK and the reforms follow support and calls from investors and shareholders for companies to do more to explain how executive pay aligns with wider company pay.

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