Will empowered investors curb excessive pay?

Although Vince Cable may be accused by Labour and some corporate governance campaigners of not being as tough as he could have been with his executive pay reforms, the plans he announces today to give more power to shareholders to curb excessive boardroom rewards will worry many business leaders. They will make it easier to see precisely how much those who run our biggest companies are actually earning. And they will force companies to set their policies for three years, with any serious departures from these policies having to be put to another shareholder vote. See full Article.