MP calls for Sweden-esque Boardroom reforms

A new report has called for Boardroom reforms similar to Sweden.

The proposals aim to curtail excessive rewards for executives by giving more power to shareholders.

In a report for High Pay Centre, titled ‘Restoring Responsible Ownership: Ending The Ownerless Corporation and Controlling Executive Pay’, Chris Philp, MP for South Croydon, calls for more transparency.

The Scandinavian country requires shareholder nomination committees to provide downward pressure on pay awards – The Independent reports.