The ongoing battle over how to set executive pay in listed companies is more ferocious today after th...
Just half the UK's top 400 companies follow the recommendation that only independent non-executive directors should set directors' pay levels.
And just 60% of these companies follow the recommendation that directors' notice periods not exceed 12 months.
In all just 19% of top companies meet all the highest corporate governance expectations, NAPF says.
Luckily for UK investors, the news is not all bad.
Despite the laggards, the broader picture is one of improving standards, with most companies now adopting most of the recommended corporate governance standards.
NAPF says it will keep hammering home the issue, not least because it feels improved standards will lead to improved returns for its members.
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