September 30, 2015

What We Can Learn From the Decisions of Grant Thornton's Sacha Romanovitch

Sacha Romanovitch, the recently named CEO of London-based consulting firm Grant Thornton, made news when she implemented a profit-sharing system and vowed that her pay will never exceed 20 times the firm’s average salary. In an article written for Real Business, Melanie Wadsworth, partner in Faegre Baker Daniels’ London office, pointed to Romanovitch as an example of how employers can “establish a culture of trust and integrity” that can benefit companies large and small.

“Staff in most organizations have strong views on the remuneration of management, and resentment can grow where the ‘effort in versus reward out’ ratio appears unfair,” Wadsworth wrote. “A credible and transparent remuneration policy can go a long way towards winning the loyalty of employees and other stakeholders.”

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