Government plans to give shareholders power to curb exec pay

Prime Minister Theresa May is readying a plan to give shareholders legal rights to block excessive pay packages - The Sunday Times reports.

Seemingly making good on promises to create an economy that “works for everyone”, the government is currently creating a white paper on corporate governance – expected to include measures that will force companies to respond to protest votes on executive pay.

As it stands, these votes are advisory and can be ignored.

The Investment Association has warned companies about overly complex pay deals and pay-outs not linked to performance.