Government to force companies to reveal pay disparity
The government will force companies to reveal the pay gap between top executives and their employees under plans set out in a green paper today.
Other initiatives in consultation include reforming remuneration committees with employee representatives and allowing workers to vote on executive pay packages.
Theresa May promised to “tackle corporate greed” when elected as Prime Minister in July.
Former Labour Party leader Ed Miliband accused May of stealing his policies, as Labour’s 2015 election manifesto promised better worker input by “requiring employee representation on remuneration committees”.
At the time Miliband was derided by then-Chancellor George Osborne as “anti-business”
Responding to the green paper, he wrote a tongue and cheek message on twitter: “More Marxist anti-business ideas. These Tories….”