“Pension funds have long urged restraint in setting directors' pay, and a flatlining economy has made this issue even more pressing. The Government’s commitment to try and get a grip on spiralling pay is welcome.
“Boardroom pay needs to be brought under control and held up to the light. Too often we find pay structures are opaque and complicated, making it difficult for shareholders to test them. We need a much clearer explanation of the links between pay and performance. Failure should never be rewarded.
See full Press Release.
