High Pay Centre Explained

High Pay Centre
Type:Think tank
Registration Id:Company Registration (England and Wales) No. 07891638
Status:Private Limited by Guarantee
Headquarters:London
Leader Title:Executive Director
Leader Name:Luke Hildyard
Leader Title2:Chair
Leader Name2:Nick Isles
Revenue:£94,239
Revenue Year:2016
Expenses:£94,239
Expenses Year:2016
Staff:2
Staff Year:2018

The High Pay Centre is a UK think tank carrying out research and analysis on issues relating to top incomes, corporate governance, and business performance.[1] The Centre is generally critical of existing top pay practices, and advocates policies designed to reduce economic inequality.[2] HPC research and commentary on high pay and inequality are regularly cited in the UK media.[3]

Since 2014, the Centre has promoted 'fatcat day', usually occurring in the first week of January, marking the date on which the earnings for the average FTSE 100 Chief Executive surpasses the amount that the average UK worker can expect to earn all year.[4]

The Centre was established by Compass in 2009 as the High Pay Commission, and changed its name to the High Pay Centre following publication of the final report of the Commission.[5]

Funders for project work during 2018 include Joseph Rowntree Charitable Trust (£50,000) and Chartered Institute of Personnel and Development (£25,000).[6]

Funding

The High Pay Centre has been awarded an A grade for funding transparency, the highest transparency rating (rating goes from A to E), by Who Funds You?[7]

Notes and References

  1. Web site: About - High Pay Centre. Highpaycentre.org. 4 August 2017.
  2. Web site: Reform Agenda: How to make top pay fairer - Publications - High Pay Centre. Highpaycentre.org. 4 August 2017.
  3. Web site: Press - High Pay Centre. Highpaycentre.org. 4 August 2017. 5 August 2017. https://web.archive.org/web/20170805015209/http://highpaycentre.org/press. dead.
  4. Web site: 'Fat Cat Thursday': Top bosses earn workers' annual salary by lunchtime. . 4 January 2018.
  5. Web site: High Pay Commission | Compass . 2018-06-10 . https://web.archive.org/web/20180612143933/https://www.compassonline.org.uk/action/campaigns/high-pay-commission-for-a-just-and-sustainable-economy/ . 2018-06-12 . dead .
  6. Web site: High Pay Centre - FAQs . High Pay Centre . 10 June 2018.
  7. Web site: Who Funds You? High Pay Centre .