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Safeguard OSH Solutions - Thomson Reuters

Safeguard OSH Solutions - Thomson Reuters



Alert24 - Safeguard Update

CEO salaries defended on safety grounds

CEO salaries defended on safety grounds
2017-11-10
Article Type:
News
Publication Date:
2017-11-10
Jurisdiction:
New Zealand

Data showing chief executive pay has far outstripped that of ordinary workers has prompted an unusual defence: that they deserve high pay because they could be jailed for safety failures.

Radio NZ reports executive recruiter Mark Ashcroft saying that CEOs and directors faced increased reputational risks.

"New Zealand's really woken up to the importance of health and safety and the fact that as a director or as a CEO you can go to jail if you're found wanting, and if you look at the reputational risks of making a bad judgement and you compare that to what we pay sporting stars and I don't think the CEO remuneration is out of hand in New Zealand by any means."

 

 

People Mentioned:
Mark Ashcroft
Reference No:
171110CA-3634

From Alert24 - Safeguard Update

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