Executive pay and the lack of women on company boards need to be tackled next year to put right some of the UK’s “key failings”, a business leader has said.

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Simon Walker, director general of the Institute of Directors, said top pay at some of the country’s biggest firms had “got out of line”, and believed there were still too few women in the boardroom.

In his New Year’s message, Mr Walker said the UK needed to renew its economy in 2012 as well as renew faith in business, and in the country itself.

He said: “As a nation, we tend to talk ourselves down and ignore our strengths, but there is still much that is great about our country.

“We need to regain our 
pride in our country and celebrate the achievements of our entrepreneurs and business leaders.”

The IoD leader said he would be launching a database of British success stories in the spring, as well as promoting young entrepreneurs.

In a message to business leaders, he said: “2012 will be a very difficult year, and things could get worse before they get better, but your skill, your creativity and your inventiveness will help to turn things around.

“In my travels around the UK, I have seen so many first-class business operations and heard so many inspiring stories about the great things you’ve been doing.

“That’s why I’m still an optimist about our prospects, and why I believe there is still a great story to tell about Britain.”

2 comments

  • Here we go again. More positive discrimination and employing people who do not have a clue, just to make it look good. Institute of Directors, another waste of time organization who 'live' off the labours of others.

    Report this comment

    "V"

    Sunday, January 1, 2012

  • I want my career to be based on my abilities and my merit. I don't want to get a job because someone feels that they really should put a woman in the role to meet some sort of quota. Its utterly offensive to me....as well as to the men I work alongside. Equality of opportunity is what I want, I can live with the fact that there may not be equality of outcome (for a number of very complex social reasons). Please don't set quotas up in my name.

    Report this comment

    merrydancer

    Monday, January 2, 2012

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