UKSA welcomes PROBAG as an organisation that is pro-business but recognises the obligations to society that leadership imposes.
Most shareholders of modern corporations are not beneficial owners – they do not suffer the risks and rewards of ownership. At best they are the benign agents for the owners. At worst they have interests that conflict. This is a fundamental weakness in the governance of public companies that has allowed the unearned executive pay explosion of recent years.
UKSA represents private shareholders – the purest form of real owner. Real owners want their companies to be sustainable wealth creators. This is not achieved by dancing to the imperatives of the financial markets. It requires business leaders who offer ethical as well as business leadership, and a commitment to the aims of society. People who fit this mould will want to be paid in recognition of their real worth, not by the formulaic windfalls of carefully contrived ‘performance’ plans.