Employment: Remuneration Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Haskel
Main Page: Lord Haskel (Labour - Life peer)Department Debates - View all Lord Haskel's debates with the Department for Business, Energy and Industrial Strategy
(7 years, 8 months ago)
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Baroness Neville-Rolfe
The noble Earl knows that I share his passion for innovation and R&D. I believe we need a governance framework that ensures a good sense of strategy and long-term planning, and that helps to encourage innovation and R&D.
Lord Haskel (Lab)
Some companies publish a ratio between the top salaries and the bottom salaries. As part of the Government’s consultation, are they going to seek some kind of standard—some kind of ideal ratio—for this sort of thing?
Baroness Neville-Rolfe
As the noble Lord will know, the devil is in the detail in these matters. Certainly however, requiring the publication of the ratio between the CEO’s pay and the relevant average is something we will be looking at. That is coming in in the United States in 2017, as he will know. We need to learn from that experience and, as I have said, try through our consultation to come to the right changes in this important area.