The Government today announced moves aimed at tackling the growingcontroversy over excessive boardroom pay, with proposals on greater
transparency over pay deals, giving shareholders tougher powers and
creating more diverse boards and remuneration committees.
Business Secretary Vince Cable said there had been a "clear market failure", with top pay increasing by five times as much as the average worker's wages last year.
Unions attacked the Government, saying it had "spectacularly failed" to make any significant changes, including rejecting a plea for workers to be represented on company remuneration committees.
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