Fat cat’s pay laws blasted as ‘feeble’
NEW laws to bring greater transparency to the boardroom don’t go far enough, say critics.
Business Secretary Greg Clark is to make all listed companies reveal the pay ratio between bosses and workers and justify the difference.
The announcement comes after Prime Minister Theresa May branded fat cat bosses the “unacceptable face of capitalism”.
Mr Clark ( above) says the reforms will “ensure our largest companies are more transparent and accountable to their employees and shareholders”.
The proposals include giving workers a voice in boardrooms.
In addition, listed companies where shareholders are opposed to the executive pay would also have their names publicised.
But one union called the proposals “feeble”.