Aligning wider workforce pay in relation to executive remuneration should be tasked to non-executives under a revised Corporate Governance Code, suggests the Financial Reporting Council.

A proposed new corporate governance code is likely to highlight boardroom responsibility for culture, and ask nomination committees to play a role in building diversity and an executive pipeline.

Investors call for remuneration committee chairmen to step down if pay policies fail to win backing of 75% of shareholders.

Investment management firm calls for an end to the annual use of executive pay benchmarking and calls for the inclusion of worker representatives on remuneration committees.

Complaints about executive pay continue because commentators focus on the “cost” of executives instead of their “value”.