Boardroom Pay is Broken, Says Report by Top Investors

A damning report into boardroom remuneration at the biggest companies on the London stock market will describe almost universal dissatisfaction among shareholders over a set-up that sparked a new wave of revolts earlier this year. The investigation is being spearheaded by Legal & General boss Nigel Wilson and the Investment Association (IA), which represents big shareholders including insurers and pension funds. It is expected to recommend a series of sweeping reforms including that both the quantum and complexity of pay should be reined in.

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