End of shareholder revolt register ‘will help UK firms bury pay controversies’

Fears for transparency and governance after closure of public log meant to curb ‘abuses and excess’ in boardrooms

UK-listed companies will be able to bury controversies over executive pay for the first time in eight years, a thinktank has warned, after the Labour government shut down a public tracker meant to curb “abuses and excess in the boardroom”.

The public register was launched under the Tory prime minister Theresa May in 2017 to name and shame companies hit by shareholder revolts at their annual general meetings (AGMs). That included rebellions over issues such as excessive bonuses or salary increases for top earning bosses.

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Source: www.theguardian.com

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