Bloomberg News

Cable May Alter Proposed Executive Pay Reforms, FT Says

June 09, 2012

U.K. Business Secretary Vince Cable will introduce plans to mandate a binding shareholder vote on executive’s future compensation every three years, the Financial Times reported, citing unidentified people familiar with the situation.

Initial proposals required shareholders to hold a binding vote annually, the newspaper said.

To contact the reporter on this story: Michelle E. Frazer in London at mfrazer@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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