Cable confirms binding pay vote

Comments (0) | 25 Jan 2012 | Rating | Print by Tim Human, Dan Bone

UK business secretary announces raft of measures to give shareholders more effective control over executive pay and stamp out reward for failure

Vince Cable, the UK business secretary, has confirmed proposals to give shareholders a binding vote on executive pay.

The vote would be on future pay packages with the threshold for approval set at 75 percent, explained Cable as he set out a raft of measures to give shareholders more effective ...

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