Bonus bonanza for male managers at women's expense?
By Ellizabeth Parkin
Data published recently by the Chartered Management Institute (CMI) has revealed that on average last year men in management positions received bonuses which were twice as high as those paid out to female managers.
The disparity widens as women progress further up the ladder, with male directors receiving average bonuses 76 per cent higher than their female counterparts. CMI’s report is based on information from more than 43,000 workers, which showed that during their working life, male managers stood to earn more than £141,000 more in bonuses than women.
Given the rhetoric by the government in the past few years about women on company boards and in senior positions, the extent of the pay gap is quite shocking…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
Directors take care: new guidelines to help interpret two of the Companies Act statutory duties of directors
We now have recent guidelines to help interpret two of the Companies Act statutory duties of directors.
Chancel repair liability is an ancient liability that attaches to land and requires affected owners to meet the costs of repair of the local church chancel.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…