Oral Answers to Questions Debate
Full Debate: Read Full DebatePhilip Hollobone
Main Page: Philip Hollobone (Conservative - Kettering)Department Debates - View all Philip Hollobone's debates with the Department for Business, Energy and Industrial Strategy
(6 years, 9 months ago)
Commons ChamberWhat private companies pay their directors is ultimately a matter for their shareholders, but the new pay ratio disclosure requirements mean that we will give shareholders and other stakeholders important new information on how pay at the top of companies fits with wider workforce pay. Companies will be forced to explain and defend their pay ratios and account for changes to the ratio over time.
Does the Minister agree that Britain’s biggest broadcaster, the BBC, is setting an appalling example to the nation over executive pay in failing to ensure gender parity?
I assure my hon. Friend that we absolutely and completely agree with fair pay. It is unacceptable that women who are doing the same job as men receive less pay. That must change. The BBC must act.