UK White Paper on Governance - a missed Opportunity

The recently published White Paper on corporate governance reform is a missed opportunity argues Richard Buxton, CEO at Old Mutual Global Investors and a veteran investor in UK equities.
In particular
- he doubts that publishing pay ratios will bring much of a benefit
- thinks that giving remuneration committees more powers to oversee total company pay will suffer from the practicalities that will have to be part of the process (forecasting corporate profitability and the valuation of the stock market)
Buxton would like to see an end to LTIP pay schemes and target-based schemes in general in favour of simpler rewards.

ProGov argues for a long time that bonus and incentive schemes should not favour only a narrow group of (top) executives but should be targeted at the total workforce so we are pleased to see that a senior participant in the governance debate goes quite a long way in this direction.
(23-Sept-2017)
(Daily Telegraph) (PayWall)