Netherlands - Huge disparities between executive pay and worker’s average - March 31, 2018

Remuneration research and recent increases of executive pay have led to public anger. Trade union FNV and several political parties expressed outrage and raised questions as a massive pay rise for the CEO at INGB Bank was announced. The current good governance code requires companies to explain their internal pay ratios. The idea is to have the supervisory board weigh both management compensation, but also consider the effect of top salaries on the rest of the company when setting out pay scales. This should result in a moderating effect on pay for top executives. However, so far, the gap is only widening, with among 21 listed companies the average pay disparity of high earners 83 times the pay level of average workers. Top earner was the CEO of Unilever receiving 292 time higher than the average of the workforce.

Read on: in English (1) …   in English (2) …

For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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