CBI To Wade Into Pay Debate As May Plots Crackdown

Britain’s biggest employers’ group is wading into the escalating row over boardroom pay as Theresa May prepares to unveil a crackdown on soaring executive remuneration deals. Sky News has learnt that the CBI has begun consulting with members about a range of policy options that will be announced later in the autumn. The consultation – which has not been publicly announced – is the first such exercise undertaken by the CBI for years, and comes as the Government plots new measures to rein in boardroom pay. Downing Street officials are working on proposals which insiders believe will include forcing companies to give shareholders annual binding votes on the bonuses of their top executives.