More women directors will rein in excessive pay, says David Cameron

PM reacts to report showing 49% increase in FTSE 100 salaries by saying more women on boards would have beneficial effect

An increase in the number of women in Britain's boardrooms will help drive down pay, David Cameron said on Friday as he expressed concerns about a 49% increase in earnings for top directors.

Amid warnings that senior non-executive directors are pushing up pay through a "closed shop", the prime minister said he was concerned about the dramatic increase.

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