Lawyers call for caution after Cable's executive pay reform proposals
Lawyers have urged caution in the wake of Vince Cable's proposals to reform executive pay, with some warning that popular pressure to curb business leaders' salaries could result in knee-jerk legislation. The Business Secretary's proposed reforms, announced earlier this week, include the suggestion that investors are handed a binding vote on directors' notice periods and exit payments, while other proposals could see a clawback mechanism for executive bonuses.
Lawyers have urged caution in the wake of Vince Cable’s proposals to reform executive pay, with some warning that popular pressure to curb business leaders’ salaries could result in knee-jerk legislation.
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