UK government proposes new powers for shareholders over executive pay, as well the publication of executive pay ratios.
The UK government looks set to introduce measures tightening control of executive pay levels with proposals that could bring in annual binding votes for shareholders and publication of executive pay ratios.
However, the government has, as was expected, held back from proposing compulsory employee representatives on boards.
The measures were revealed in a consultation "green paper" on corporate governance reform, published by business secretary Greg Clark.
The paper maps a number of options for shareholder votes
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