Hermes Investment Management has reportedly proposed Britain's largest companies should cap the salaries of chief executives, following widespread concerns over excessive pay.
According to Sky News, the firm has circulated a document among the chairs of FTSE 350 companies' remuneration committees, the first time a mainstream fund manager has made such a suggestion. Hermes,...
McGhee joins from banking trade body
Our video series continues
Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps