Third party support for Labor's CEO pay transparency plan - Media Release

LABOR’S PLAN TO IMPROVE CEO PAY TRANSPARENCY: THIRD PARTY SUPPORT

“I would love to also see transparency inside industries, an annual ranking on what the pay rates are. Transparency is absolutely fantastic because it just tells the facts to shareholders, and then management and organisations are held accountability to facts.”

Domino's Pizza CEO Don Meij, whose realised pay last year was $37 million.

“ASA welcomes the ALP’s policy announcement to adopt a variant of US and UK measures to require larger publicly listed firms to publicly release (as part of their annual reporting requirements) the ratio of CEO pay to median employee pay.” 

The Australian Shareholders' Association.

“We welcome the ALP's announcement on CEO pay ratio disclosure, which is underpinned by the ASCI's CEO Pay Report. More effective disclosure will give investors greater insight into how remuneration is set in an organisational contact.'' 

Australian Council of Superannuation Investors.

"We need systemic change to put power back in the hands of working people. While we welcome efforts to improve transparency, we need to ensure that working people can use the information that transparency brings to organise and bargain for better wages and conditions." 

ACTU secretary Sally McManus.

ENDS

Authorised by Noah Carroll, ALP, Canberra.


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Cnr Gungahlin Pl and Efkarpidis Street, Gungahlin ACT 2912 | 02 6247 4396 | Andrew.Leigh.MP@aph.gov.au | Authorised by A. Leigh MP, Australian Labor Party (ACT Branch), Canberra.