MPs urge crackdown on excessive pay to rebuild public trust in business

Scandals such as Sports Direct have undermined faith in UK corporate governance, says select committee

Boardroom pay: Theresa May must act to curb the excesses

British businesses must crack down on excessive pay for bosses and improve boardroom diversity to restore public trust after scandals at Sports Direct and collapsed retailer BHS, MPs have warned.

Among their wide-ranging recommendations, the MPs’ committee called for a ban on long-term investment plans, complex multi-year pay deals that have been criticised for masking the true extent of huge awards to executives and for encouraging short-term thinking.

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