Germany Prime Minister Theresa May's proposal to close the wealth gap in big businesses between low-end workers and top executives could be ineffective, as giving shareholders the power of veto over pay may not bring about any change. Of the 134 binding votes put to FTSE 134 companies in every year , all were in favour of company pay policy, according to Reuters . However, keeping the issue on the agenda the past five years has been seen as a positive first step. May's other policies include forcing companies to publish details of the pay gap between an average worker and the chief executive.
UK Prime Minister Theresa May's proposal to close the wealth gap in big businesses between low-end workers and top executives could be ineffective, as giving shareholders the power of veto over pay may not bring about any change. Of the 134 binding votes put to FTSE 100 companies in the past five years, all were in favour of company pay policy, according to ISS Corporate Solutions. However, keeping the issue on the agenda every year has been seen as a positive first step. May's other policies include forcing companies to publish details of the pay gap between an average worker and the chief executive.