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“With all the data out there and pay equity in the spotlight, companies need to start doing a better job of explaining to people how pay is set and determined.”“With all the data out there and pay equity in the spotlight, companies need to start doing a better job of explaining to people how pay is set and determined.”
Managing Director Simon Patterson says, “The new Financial Reporting Council guidelines are good. They suggest discretion is important, that the (remuneration) chairman must have at least 12 months experience on the committee before being named chairman, and that it’s up to them to make good decisions.”