Comments are closed. CIPD supports disclosure of directors’ payOn 20 Mar 2001 in Personnel Today Previous Article Next Article TheGovernment has launched plans to expose over-inflated directors’ bonuses byforcing companies to disclose them in their annual reports.Themeasures announced by Trade and Industry Secretary Stephen Byers are likely tobecome law later this year if Labour win the expected general election.NickPage, adviser on reward and employment conditions at the CIPD, said, “Thesemeasures are in the directors’ interest. It will put the onus on employers tobe more transparent about their pay structures.”“Organisationsshouldn’t be ashamed or embarrassed about revealing financial information.Employers do have to justify their salaries to directors.”Theproposals on directors’ remuneration were published by the DTI after Governmentconcerns over fat-cat salaries and directors receiving bonuses, even when theircompanies fail to meet performance targets.Underthe plans, employers will have to publish a remuneration report within theirannual report. Itwill include a performance share graph that will allow shareholders to see thelink between performance of the company and directors’ pay. BruceWarman, Vauxhall’s HR director said, “I believe that employers have nothing tofear from these measures.” Related posts:No related photos.