MARKS AND SPENCER GROUP P.L.C. | Report on UK wage policies, including pay levels relative to the real Living Wage

Status
Filed
AGM date
Previous AGM date
Resolution details
Company ticker
MKS
Lead filer
ShareAction
Resolution ask
Report on or disclose
ESG theme
  • Social
ESG sub-theme
  • Decent work
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
United Kingdom
Resolved clause
Shareholders request M&S to disclose its approach to pay, related data, and conduct a cost/benefit analysis of uplifting pay to the real Living Wage for its UK third-party workforce in addition to the directly employed staff whom it already pays the real Living Wage.
Supporting statement
To provide investors with the information needed to assess the Company’s approach to
human capital management, shareholders request that the Board and management
oversee the preparation of a report outlining:
• The Company’s approach to setting base pay for hourly paid direct employees and
which committee of the Board has oversight of this;
• Number of direct employees whose base pay is below the real Living Wage, broken
down by contract type (permanent or fixed-term) and working hours (full-time,
part-time or non-guaranteed hours employees);
• Hourly paid direct employee turnover rates, broken down by base pay and working
hours (full-time, part-time or non-guaranteed hours);
• The Company’s approach to setting base pay for regular, on-site, third-party
contracted staff and which committee of the Board has oversight of this;
• Number of regular, on-site, third-party contracted staff whose base pay is below
the real Living Wage; and
• Cost/benefit analysis of implementing the real Living Wage as a minimum rate of
pay for direct employees and regular, on-site, third-party contracted staff.
This Report will strengthen investors’ understanding of the Company’s human capital
management strategy and its approach to ensuring its wage policies are reasonably
designed to provide all workers with a wage that meets the cost of living. The Report
should be prepared in a reasonable timeframe and omit any proprietary information.

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