NCVO advises charities to be more transparent on executive pay
The National Council for Voluntary Organisations (NCVO) has produced a report that urges charities to publish full details of senior executives’ pay in order to maintain public trust. The report concludes that despite legally having to provide an indication of the number of staff in pay bands in excess of £60,000 per annum, charities need to provide specific detail to maintain the public’s trust.
The report reveals that 14,942 charity executives were paid more than £60,000 a year — more than 3,000 more than previous estimates. Of that, more than 2,600 were paid in excess of £100,000 a year, and 55 more than £250,000 a year in 2011.
The inquiry was prompted by media scrutiny of charity chief executives’ pay and was tasked with examining arguments about appropriate remuneration levels as well as the relationship between this and public trust and confidence in the sector…
Click on the link below to read the rest of the IBB Solicitors briefing.
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