Greens will curb executive pay
The Scottish Greens will introduce a 10:1 pay ratio for any company or organisation receiving significant funding or contracts from the Scottish Government.
This would be added to the conditionality of grants and contracts and mean that the highest-paid employee at an organisation could not earn more than 10 times the salary of the lowest-paid worker.
The Scottish Greens previously ensured that companies who receive public sector grants and support are required to pay their workers at least the Real Living Wage, this would build on that success.
Party co-leader Gillian Mackay said:
“This is about fairness and using public money to do good and to raise terms and conditions across the board.
“Right now there are a small number of people raking in huge amounts while the staff who generate that wealth in the first place are trapped in poverty pay and poor conditions.
“We may not be able to stop obscene executive pay with the powers of devolution, but we can decide where public money is going and what kind of companies our government is supporting.
“A 10:1 pay ratio between the highest and lowest-paid staff would ensure that those bosses can only raise their own salaries by also improving the salaries of their lowest paid staff too.
“It was the Scottish Greens who ensured that no company receiving public money can pay their workers below the Real Living Wage, and this change would build on that success.
“It's a simple way of lifting everyone up, reducing inequality and boosting the wages of ordinary workers.”
