Financial services remuneration investigated by MPs

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An inquiry into the "crucial issue" of corporate governance at Britain's top financial companies has been launched by the Treasury select committee.

The move comes as corporate governance remains a hot issue as the government seeks to give shareholders more power to rein in companies' spiralling pay packages. Treasury select committee chairman Andrew Tyrie MP (pictured) said following the public bail-out of the banks in the financial crisis, corporate governance was a "crucial issue" for parliament. The committee will be taking evidence on board structure and composition, corporate culture, non-executive directors, the role of shareholders, remuneration, governance of risk and diversity. Tyrie said: "The committee will seek to ...

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