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Cable: I'll force fat cats to justify bonuses

Publié par Clifford Armion le 19/09/2011

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Nigel Morris

"Thousands of major companies will have to justify lavish rewards for senior executives and present easily digestible information about their pay, pensions and bonuses, under moves to be announced today by Vince Cable.

"The Liberal Democrat Business Secretary will detail plans to give shareholders of Stock Exchange-listed firms transparent information about directors' remuneration, telling his party's conference that he intends to "call time on payouts for failure". Shareholders would also be given greater powers to veto pay deals and appoint workers' representatives to remuneration boards.

"Nick Clegg, the Deputy Prime Minister, is attempting to use the gathering in Birmingham to "relentlessly hammer home" the message that the Liberal Democrats are making a difference in government - not just in tackling corporate excess but across a range of policies. The party's ministers want to highlight achievements in raising the income tax threshold, introducing the pupil premium, promoting the green agenda, and reining in the Tories' hardline instincts on Europe, cutting tax for the rich and law and order."

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Pour citer cette ressource :

"Cable: I'll force fat cats to justify bonuses", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), septembre 2011. Consulté le 23/06/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/cable-i-ll-force-fat-cats-to-justify-bonuses