Worried by a long-term rise in inequality, Britain announced on Tuesday a series of measures aimed at increasing transparency over executive compensation, hoping to ramp up pressure on companies that offer lavish salaries for bosses but restrict pay for regular employees.
The proposals include plans to force all publicly listed companies to publish their wage ratio, comparing their chief executive's salary with that of the average worker, as well as the creation of a register that ''names and shames'' firms that faced shareholder opposition over executive pay levels.
Greg Campbell, a partner in the employment department at the law firm Mishcon de Reya, said the efforts to increase worker representation were also relatively mild, because company directors in Britain are already required to consider employee interests.
“A diversity of views is always worth having,” he said, “but I don’t think it is enough to really shift the dial.”
Read the full article in the New York Times here.