explan: Facebook Tweet Mail Listed companies with more than 250 employees will have to report how their chief executive's pay compares to the median worker's salary under a Labor government, according to Nine News Australia. Under the policy to be announced by shadow assistant treasurer Andrew Leigh on Tuesday, firms would be required to report pay ratios and encouraged to provide a public explanation of their remuneration strategy. To improve your experience update it here News National Labor will force CEO pay ratios to be made public if elected1 17am Oct 2, 2018Shadow Assistant Treasurer Andrew Leigh and Labor Leader Bill Shorten. This policy addresses public concern that CEO salaries are growing at an unfair rate and leaving workers behind, Dr Leigh said. CEOs at the nation's 100 biggest ASX-listed companies took home an average 6.2 million of realised pay in 2017, according to Australian Council of Superannuation Investors figures released in July. By extending current market reporting requirements for public companies, it will help inform investors as they calculate risks and decide where to invest their money.
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