Companies will have to reveal the pay ratio between their chief executives and the average employee, under a package of government reforms to be announced on Tuesday.
A series of new corporate governance laws, which are due to come into effect by June 2018, are set to force some 900 publicly listed companies to reveal the pay ratio between bosses and workers. The reforms will be unveiled by Business Secretary Greg Clark later on Tuesday, who said the changes would make companies "more accountable to their employees and shareholders", the BBC reported. The measures will also include a new name and shame register for firms who face significant shareholder opposition to executive pay deals, overseen by the Investment Association. Businesses will al...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
