Investors call for remuneration committee chairmen to step down if pay policies fail to win backing of 75% of shareholders.
City investor Fidelity has called for the chairmen of remuneration committees to resign if shareholders revolt against pay recommendations.
According to Sky News, the fund manager will include the recommendation in its response to the government's green paper consultation and an inquiry being conducted by MPs on the business, energy and industry committee in the House of Commons.
Sky cites Fidelity's response, that it wants remuneration committee chairmen to step down if companies receive less than 75% shareholder support for a pay policy.
In other submissions to MPs the Institute of Directors (IoD) said the Financial Reporting Co
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Workers who are wrongly classified as self-employed contractors can claim back pay in respect of unpaid annual leave going back many years when their “worker” status is established, the European Court of Justice (ECJ) has ruled.
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