Nearly 700 million people live in extreme poverty, as defined by the World Bank. A living wage should reflect the true cost of living and cover the needs of workers and their families. Beyond that, a living wage should also allow some extra money to provide security and improve lives. [1] The International Labour Organization (ILO) concurs, stating ?taking into account both the needs of workers and their families - which is what the notion of a living wage refers to - as well as economic factors.? [2] The World Benchmarking Alliance, a partnership measuring progress on the United Nations? Sustainable Development Goals, finds that only 4% of the world?s top 1,000 companies are paying their workers a living wage or have targets to do so. [3] In the UK, 3.7 million employed workers, or almost 13% of the workforce, struggle to make ends meet, according to the Living Wage Foundation. In the United States, almost 23% of the workforce work in low-paying jobs, more than twice the level found in Chile, France or Japan. [4] In 1977, famous management thinker Peter Drucker asserted that the appropriate ratio between the CEO?s pay and that of the average worker be no greater than 25-to-1. ? Widen the pay gap much beyond that, he said, and it makes it difficult to foster the kind of teamwork and trust that businesses need to succeed.? [5] Unilever developed a Framework for Fair Compensation in 2014 [6] , featuring five basic principles for fair and livable wages, including an understanding that the standards are market-based, not static for all regions. According to Axios Philadelphia, Aramark?s John Zillmer was paid 880 times the average worker, who made $15,154 in 2022. Additionally, his compensation increased from $5.1 million in 2021 to $13.3 million in 2022. [7] This proposal asks the Board to develop a compensation philosophy that ensures a living wage for all employees. This can be achieved through collaboration with organizations such as the Living Wage for US initiative [1] , utilization of the MIT living wage calculator [2] , and commitment to full transparency of its compensation features for each job category. The UN Global Compact?s Forward Faster initiative offers a guidance for businesses to ensure the human rights of workers through the provision of a living wage for all workers. [3] ------------------     [1] https://www.nationalgeographic.com/environment/article/paid-content-toward-a-living-wage [2] https://www.ilo.org/sites/default/files/wcmsp5/groups/public/@ed_protect/@protrav/@travail/documents/briefingnote/wcms_857876.pdf [3] https://www.weforum.org/agenda/2024/05/why-companies-must-pay-living-wages/ [4] https://www.weforum.org/agenda/2024/05/why-companies-must-pay-living-wages/ [5] https://deming.org/peter-drucker-advocated-a-ratio-of-20-to-1-for-ceo-to-average-worker-pay/ [6] Unilever Framework for Fair Compensation 2022.pdf [7] https://www.axios.com/local/philadelphia/2023/06/05/highest-paid-ceos-salaries-2022 [8] https://livingwageforus.org/becoming-certified/ [9] https://livingwage.mit.edu/   [10] https://forwardfaster.unglobalcompact.org/living-wage