Corporate weekly highlights—27 September 2018

Corporate weekly highlights—27 September 2018

This week’s edition of Corporate highlights includes Share Incentives News Analysis on the Gender Pay Gap (GPG) at FTSE 100 companies, the causes of the GPG and how companies are addressing the issue. It also includes Corporate Crime Analysis on the recent decision in Financial Reporting Council Ltd v Sports Direct International plc regarding the disclosure of legally privileged documents to the regulator investigating Sports Direct’s auditor.

In this issue:

Corporate governance; Accounts and report—Specific content requirements

Tackling the gender pay gap

Share Incentives analysis: Last month, the Chartered Management Institute published the findings of its research into the Gender Pay Gap (GPG) at FTSE 100 companies, which revealed that female CEOs earn less than half as much as their male counterparts.

Sam Whitaker, counsel at Shearman & Sterling (London) LLP, examines the causes of GPGs, how companies are addressing the issue and the reliability of data on the subject. The News Analysis considers the steps companies are taking to counter GPGs, eg taking action to increase their attractiveness as family-friendly employers to reduce the number of women who may leave the workplace in order to have or raise children; setting targets for numbers of women in particular roles or levels of seniority; diversity and unconscious bias training for managers; using sponsorship programmes to aid in the promotion of women in the workplace; and redesigning recruitment processes to focus more on competence and key strengths. It also highlights particular sectors where GPG is greater (football clubs, financial services firms, airlines and certain fashion houses); whether pay figures disclosed by companies accurately reflect total remuneration packages (eg benefits paid through salary sacrifice are ignored for GPG reporting purposes); and whether changes need to

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