I’ve recently joined a company board as a non-exec and have been put on the remuneration committee. In the first meeting I said nothing, but in the second spoke out against the chief executive’s pay, which is going up by 20 per cent this year.
I was slapped down, blinded by science and told that the comparatives I was using didn’t apply.
Even though the company is performing very well, the amounts paid to top execs seem excessive. What am I meant to do now? Resign? Think, oh well, at least I tried?
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