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Tories up calls for exec pay cap

by David Jetuah

More from this author

05 Aug 2008

Executive pay rewards may be reined in under a Tory government, a prominent member of the opposition party has said.

Michael Gove, the shadow schools secretary, said that the incentives system may be changed to bridge the gap between the top brass and the rank-and-file, echoing comments made by David Cameron, the FT reported.

Executive pay rewards have been high on the agenda recently as some companies continue to reward their top brass despite struggling during the economic downturn.

Moves have been made by the government to make companies more accountable for their executive pay structures by linking them to pay conditions in other parts of the company, but corporate governance experts have said that this would be difficult to achieve.

Further reading:

Companies flying blind over execs and workforce pay link

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