Executive pay | Government fails to curb swelling executive pay

New research from the High Pay Centre has found that Government measures to tackle excessive executive pay in the UK have slumped – the Guardian reported.

The thinktank found that between 2014 and 2018 – the time frame which attempted the clampdown on executive pay - every pay policy put to annual meetings of FTSE 100 companies was approved by shareholders.

The publication reported that in 2012, former Prime Minister David Cameron announced a crackdown on excessive executive pay.

The Enterprise and Regulatory Reform Act 2013 – which aims to reform the regulatory environment faced by small and medium-sized businesses – gave shareholders a compulsory vote on their firm’s executive pay policies at least once every three years.