Britain's bosses must tighten up policies on executive pay or risk the Government doing it for them, the CBI said yesterday.
In a six-part guidance note aimed mainly at larger companies, the lobby group has called for better disclosure of contract terms and conditions to help rebuild confidence in UK business after several "fat cat" rows.
It says companies should adopt one-year rolling contracts for directors, as well as paying executives partly in shares and reviewing contracts.
Tuesday September 16, 2003
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