CIPD and High Pay Centre research shows Total FTSE 100 Chief Executive pay has increased by 11% in the past year fuelling questions over fairness and governance in Britain’s biggest businesses. The research found that FTSE 100 CEO median pay stands at £3.93 million per year, an increase on £3.53 million in 2016 and an increase in earnings of 11%, compared to the 2% rise in median pay enjoyed by full-time workers over this period. The CIPD comment that despite increased investor activism and the planned introduction of pay ratio reporting, the evidence suggests that very little is changing when it comes to top pay in the UK and given the ongoing issues of trust in big businesses and a push for greater transparency, businesses and boards should put greater scrutiny on high pay.

This update provides summary information and comment on the subject areas covered. Where employment tribunal and appellate court cases are reported, the information does not set out all of the facts, the legal arguments presented, and judgments made in every aspect of the case. Click on the links to access full details. If no link is provided, contact us for more information. Employment law is subject to constant change either by statute or by interpretation by the courts. While every care has been taken in compiling this information, SM&B cannot be held responsible for any errors or omissions. Specialist legal advice must be taken on any legal issues that may arise before embarking upon any formal course of action.