Investor adviser calls for more powers for individual shareholders, new shareholder committees and CEO pay ratios going back ten years.
Investor adviser ShareSoc has called for more power for individual shareholders and a binding vote on executive remuneration, as part of its submission to a Parliamentary consultation on UK corporate governance. ShareSoc also called for companies to publish CEO-employee pay ratios going back ten years and backed a proposal for shareholder committees. However, it said the committees should include an individual shareholder. Votes on remuneration should be binding, ShareSoc said. As part of its commentary, ShareSoc said large institutional shareholders have "failed" to provide stewardship. In its submission to the consul