This dispute is not solely about remuneration.
It is about remuneration based on the weak term "fairness".
James Barty, strategy director at the British Bankers Associationn, insists the City is now being more rational about remuneration.
It is understood that RBS does not have to make a final decision about remuneration until the end of January.
In Australia companies don't have to disclose this ratio, although companies do disclose information about remuneration for executives.
They are withering about remuneration committees that approve bumper pay and share packages when there is no evidence that they improve long-term performance.
The revelation is likely to further anger members of the public and MPs who have expressed concern about remuneration levels in the City.
He spoke to the Telegraph only on condition that he was not asked questions about remuneration – a condition the paper felt should not be observed.
The number of "Noes" and abstentions is likely to be much higher this year because companies have been forced to reveal more about remuneration and put packages to the vote.Will any of this do any good?
This implies that the dispute is about remuneration rather than safety: given that the point of the fines is prevention, the overall level is much more important from a safety perspective.
