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BlackRock and Rio Tinto questioned on executive pay

6 December 2016

The Business, Energy and Industrial Strategy Committee questions senior business figures including BlackRock Managing Director, Rio Tinto Chair and Hermes Executive Director about executive pay.

Witnesses

Tuesday 6 December 2016, Committee Room 5, Palace of Westminster

At 9.30am

  • Amra Balic, Managing Director, Head of EMEA, BlackRock Investment Stewardship, BlackRock
  • Jan du Plessis, Chair, Rio Tinto
  • Sir John Hood, Chair of the Compensation Committee, WPP
  • Helena Morrissey, Executive Remuneration Working Group, The Investment Association 

At 10.30am

  • Dr Hans-Christoph Hirt, Executive Director, Hermes
  • Stefan Stern, Director, High Pay Centre
  • Professor Charlotte Villiers, Professor of Company Law and Corporate Governance, University of Bristol Law School
  • Andrew Page, Partner, New Bridge Street

Purpose of the session

The session covers:

  • The causes and impacts of the steep rise in executive pay, if it is justified and whether the government should influence or regulate it
  • Whether executive pay should take account of a company's long-term performance and examine the role of shareholders and institutional investors in agreeing remuneration

Further information

Image: iStockphoto