PwC’s latest report, called Time to Listen, is subtitled, “We need to find a way to respond to public concern about executive pay, or matters will be taken out of our hands.” It’s quite a warning, and, coming as it does on the heels of new Tory Prime Minister Theresa May’s remarks that she is going to take action, it’s a warning that should probably be heeded. In its introduction, the report says: “we believe a seachange is required in how executive pay is approached by companies and shareholders. Pay regulation is often counterproductive and we’re not convinced that more of it is the answer.”
