IA to name and shame firms facing revolts over executive pay

Part of government's corporate reform

The Investment Association is to run a register for the government, naming and shaming those firms which have been subject to shareholder revolts over executive pay.

According to The Guardian, the public register will name those firms where a fifth of shareholders have rejected annual executive pay packages. The reforms, due to be announced today, will required companies to detail how they intend to address these concerns with investors. This initiative marks an effort to increase boardroom transparency and curb financial excess by firms. FTSE 100 companies address shareholder concerns on pay in 2017 AGM season Prime Minister Theresa May has been a vocal critic of boardroom pay and corporate reform was part of her election campaign. She p...