Boardroom Bosses Advised to Meet Workers to Justify Pay Practices

Boardroom bosses should meet employees every year to justify pay practices, according to proposals put forward by one the City’s biggest fund managers as it warned that wage inequality needs to be addressed by major companies. But Legal & General Investment Management (LGIM) – which last month called for ratios between the chief executive and that of median employee to be published – fell short of supporting the call by Theresa May to put workers on boards. The prime minister has raised the prospect of putting employees on company boards, and making shareholder votes on executive pay legally binding.

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