The new FSA code on remuneration – what will it achieve?

After all the publicity heralding its arrival, a considerably watered-down final version of the Financial Services Authority code on remuneration practices in regulated firms has been published. There will be no public disclosure of pay; firms need only to give pay details to the FSA so that it can monitor compliance. The government has indicated it will legislate to remedy what it perceives as a weak response from the FSA, allowing “business as usual”.
 

Language does not simply reflect what is going on in organisational life: it also influences what people think and what they do

Linda Holbeche, director of the Holbeche Partnership and visiting professor of HRM/OD at Cass Business School