We appreciate that publishing your gender pay ratio and your CEO pay ratio to median employee is only a legal requirement for listed companies with over 250 employees. However, the Good Business Charter seeks to go beyond legal compliance and set a high standard for what responsible businesses are doing.
While we are not advocating that all employees should earn the same we do believe that reporting the CEO pay ratio is good practice in terms of transparency, accountability and reducing inequality. We also wherever possible like companies to show a clear commitment to ensuring a diverse workforce where everyone can thrive.