NAPF slams corporate governance

The ongoing battle over how to set executive pay in listed companies is more ferocious today after the National Association of Pension Funds released a survey showing many UK companies are still fudging the issue. 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 f...