Corporate Governance

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The TUC’s Budget statement published today (Sunday) warns that George Osborne’s proposals for a new round of austerity after the election, even more extreme than the last, will set growth back years. TUC General Secretary, Frances O’Grady said: “George Osborne has given us failure on growth, failure on wages, and...
15 March 2015
Commenting on today’s (Tuesday) announcement by Barclay’s Bank on bonuses, TUC General Secretary Frances O’Grady said: “Profits have fallen at Barclay’s Bank and they have had to make huge provision for fines. “The Chief Executive rightly recognises that the bank’s culture must change, but it is hard to have a...
03 March 2015
Commenting on today’s (Friday) announcement by Lloyds Bank on bonuses, TUC General Secretary Frances O’Grady said: “This £7 million bonus will outrage customers and the taxpayers who bailed out the bank. And with the government being the biggest shareholder, voters will want to know why they have not acted to...
27 February 2015
26 February 2015 Executive pay levels are being decided by an overpaid elite who are desperately out-of-touch with ordinary workers, says the TUC based on analysis published today (Thursday). The TUC’s report A Culture of Excess finds that FTSE 100 remuneration committee members were paid on average £441,383, which is...
26 February 2015
Commenting on today’s (Monday) announcement by HSBC on bonuses, TUC General Secretary Frances O’Grady said: “It is hard to see why HSBC is paying bonuses at a time when their role in tax evasion and avoidance has become so controversial.
23 February 2015
On the 8th and 9th December, the 13th British-German Trade Union Forum took place in London, focussing on workplace democracy, discussing Workers‘ voice – good governance and workplace democracy.
17 December 2014
Commenting on the publication today of the report of the Independent Project Board that was tasked with an examination of pension management fees, TUC General Secretary Frances O’Grady said: “The Independent Project Board’s report shows that the financial services industry has still not learned the lessons of the past and...
17 December 2014
Britain’s top director earned a year’s worth of the living wage in less than an hour Forty nine minutes after returning to work after the 2013 New Year break Britain’s highest paid director, Simon Peckham, Chief Executive of Melrose, earned as much as a worker on the living wage earns...
17 October 2014
Executive Excess provides a snapshot of top company directors’ pay and how it compares with that of their own employees in the FTSE 350. It finds that median total earnings for FTSE 100 top directors 100 were £3,195,353, while within the FTSE 250 median earnings for top directors were £1,284,361...
17 October 2014
In response to new research published today (Monday) by Incomes Data Services, which finds that FTSE 100 directors’ earnings rose by 21% over the last year, TUC General Secretary Frances O’Grady said: “Now we know who is benefiting from the recovery, and as sure as anything it is not the...
13 October 2014

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