Vince Cable to boost shareholder power over boardroom pay

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Vince Cable to boost shareholder power over boardroom pay

By NewsHound | Mon 23rd January 2012 - 12:54 pm

PoliticsHome reports:

Vince Cable will tomorrow announce shareholders are to be given binding votes on boardroom pay. A Written Ministerial Statement from the Business Secretary lays out plans for a legally enforceable veto on future pay arrangements for executives. But shareholders will not be able to vote down bonuses already awarded, and the Government has stopped short of giving employees seats on remuneration committees.

You can read a full report on this on the FT website, which requires registration.

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