The Value of Fair Pay
Wednesday, February 12, 2014 at 6:00 PM (GMT)
London, United Kingdom
THIS EVENT HAS BEEN POSTPONED.
WE WILL POST A NEW DATE AS SOON AS POSSIBLE.
The Value of Fair Pay
Marc Moore, UCL Laws
Chaired by Professor Richard Moorhead, UCL Laws
Wednesday 12th February, 6pm
UCL Faculty of Laws
Bentham House, Endsleigh Gardens
London WC1H 0EG
About the Event
Over recent years, CEO pay in public companies has increased at a stratospheric rate, while the real incomes of many private sector workers have either stagnated or fallen. Consequently, the issue of CEO/worker pay equity has become a politically live issue, both in the UK and internationally. Against this background, the seminar will explore the economic case for moderating intra-firm pay disparities. It will highlight the importance of manifestly fair organisational pay policies in sustaining the significant levels of trust and personal commitment that are necessary for the maintenance of productive employment relations. It will also demonstrate the broader function of pay equity in sustaining the corporate sector’s collective and publicly delegated license to determine prevailing private sector income distributions, outside of direct state control. Finally, the seminar will contend with the orthodox counter-argument that reduced income inequality is liable to undermine incentives for productive work practices, by showing that – contrary to popular belief – a decreased emphasis on pecuniary incentives will likely be conducive to greater levels of work effort on the part of both senior executives and ‘rank-and-file’ workers. On this basis, the claim will be advanced that achieving meaningful pay equity is important today not just as a means of achieving social justice, but also as an essential precondition for securing the continuing existence of private enterprise in its traditionally understood form.
The UCL Centre for Ethics & Law was established in 2009 to reflect the growing need for enhanced collaboration between academics, practicing lawyers and industry, given the fast changing and increasingly interdisciplinary nature of the global issues lying at the intersection between ethics and regulatory compliance. The work of the Centre is resolutely multi-disciplinary and practice-oriented, focusing on a number of current themes including the professional ethics of in-house and external legal counsel, ethics of risk, anti-corruption, global business and human rights, and distributive justice.
The Centre for Access to Justice combines the unique advantages of clinical legal education with the provision of pro bono legal advice to vulnerable communities, predominately in the areas of social welfare, employment and education law.
UCL is unique in its incorporation of casework and social justice awareness into the law degree programmes we offer. Working in partnership with charity organisations and legal professionals, the Centre provides legal assistance to members of the local community while giving students an opportunity to gain hands on experience in meeting legal needs. Understanding the broader implications that a lack of access to justice can have, we take a holistic approach to resolving the legal problems our clients face.
For almost 200 years, UCL Laws has been one of the leading centres of legal education in the world. Its established reputation for cutting-edge legal research places it at the heart of policy, practice and impact.
The Faculty offers an unmatched educational environment, producing high quality graduates able to confidently face the evolving challenges of the global legal landscape.
The Faculty boasts 63 leading academics engaged in teaching and research at the very highest level - actively contributing to law-making, jurisprudence and legal policy on an international scale.
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