The UK government has drafted regulations to hold large UK-listed companies to account for the pay gap between executives and their average employees.
All UK-listed companies with more than 250 employees in the UK will have to report annually on the difference in pay between their chief executive officer (CEO) and their average UK worker, under plans released by the UK government.
The draft Companies (Miscellaneous Reporting) Regulations 2018 are part of a package of reforms which will hold big businesses to account for the salaries they pay. They will require the UK's biggest firms to justify the pay gap between bosses and their workers.
In addition to the reporting of pay ratios, the new law will also require all large companies to report on how their directors take employee and o
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