BusinessCompany NewsTories up calls for exec pay cap

Tories up calls for exec pay cap

Conservatives say that putting a limit on bonuses for top brass will help bridge the gap between richer and poorer

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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