Comment on EU's Barnier urges binding shareholder vote on executive pay

EU's Barnier urges binding shareholder vote on executive pay

Shareholders should have the power to curb bosses' pay and set caps on executive bonuses, the European Union's top regulatory official said on today (16 May), adding to pressure on banks and companies over excessive management pay deals. The plan from Michel Barnier, the European Commissioner in charge of regulation, could pave the way for a pan-EU law next year that would give investors legal clout to take on Europe's executive elite over pay.

 

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