Wednesday, June 20, 2012

U.K. Reveals New 'Say on Pay' Laws

The British government unveiled legislation Wednesday to give investors more say on the pay packages of senior corporate executives, a key milestone in a shareholder rebellion that has been rippling through the U.K. in recent months.

The measures include giving shareholders a binding vote on how much directors are paid and increasing transparency by requiring companies to annually publish a simple figure totaling how much directors received.

But the plans, which must be approved by Parliament, have been met with criticism both by opposition politicians, who say the government isn't going far enough to balance the power between shareholders and ...

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