Investment Association publishes new rules pushing large companies to clamp down on executive payThe UK’s fund management industry body has written to every FTSE 350 company warning that investors will vote down bosses’ pay packages if listed firms do not follow new, tougher guidelines.The Investment Association (IA), which represents fund managers who control £7.7tn in investments, has published new rules to push large listed companies to clamp down on excessive executive pay. The guidelines include provisions to prevent firms from inflating bosses’ salaries by giving outsized pension contributions, and requiring that firms strengthen their ability to claw back performance-related pay. Continue reading…
Via: FTSE companies warned to follow pay guidelines or face investor revolts
Categories: English News