Directors’ pay growing faster than other employee

Directors’
pay is still growing faster than that of other employees, according to a new
report.

The
Incomes Data Services report says top leading executives of FTSE 100 companies
earned an average of £1.5m over the past 12 months – a rise of 9.7 per cent.

The
increase is lower than in previous years, but still far higher than the
majority of employees.

However,
IDS notes, new UK laws will force companies to give more thorough details of
their pay policies from the end of the year.

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"If
UK boardrooms thought they have had a tough time over the last two years, it is
going to get harder as the law seeks to put directors’ pay decisions under
greater scrutiny," warns the report.

By
Quentin Reade