shareholders: The guidelines include provisions to prevent firms from inflating bosses' salaries by giving outsized pension contributions, and requiring that firms strengthen their ability to claw back performance-related pay, according to The Guardian. The rules are not legally enforceable by investors against companies or executives, but they are used by large shareholders as a guide when they vote, including on pay, at company meetings. The Investment Association IA which represents fund managers who control 7.7tn in investments, has published new rules to push large listed companies to clamp down on excessive executive pay. Andrew Ninian, the IA's director of stewardship and corporate governance, said Companies need to demonstrate more robustly the link between pay and company performance. Surging executive pay has sparked calls for caps on the ratio of chief executives' salaries compared to average staff pay. If they don't, they should brace themselves for more shareholder revolts in 2019.
(news.financializer.com). As
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