The report reviews academic studies into top pay between 2007 and 2013, to highlight the findings and consider the implications for practice. The review focuses on two main areas: assessing the studies that attempt to explain what has been driving executive income upwards, and evaluating the studies that explore what, if any, have been the consequences of this increase in pay.

The report is written for and aimed at reward and HR professionals working in the area of executive remuneration, as well as those who would like to know more about this topic. While most research on executive pay has been, and continues to be, dominated by US data, our report includes UK and European evidence where possible. The report has implications for reward practice as well as public policy. The research was carried out on behalf of the CIPD by the London School of Economics and Political Science.