Fat cat’s pay laws blasted as ‘fee­ble’

Midweek Sport - - NEWS -

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”.

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