Labour plans to give customers of big firms vote on boardroom pay

Exclusive: measures could include paying execs only in cash and naming staff paid £150k+

Customers of Britain’s 7,000 biggest companies would be given the right to vote on the pay of top executives under plans for a clampdown on boardroom pay being considered by Labour.

A report commissioned by Rebecca Long-Bailey, the shadow business secretary, and John McDonnell, the shadow chancellor, calls for an annual binding vote on executive packages to include all stakeholders – including employees and consumers.

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from The Guardian https://ift.tt/2r7XBY1