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UK companies to disclose pay gap between executives and employees

The British government intends to limit the salaries of top managers. In particular, companies could be forced to disclose and substantiate huge gaps between top chief executives' pay and their staff. The calculations should include not only the salary of the top manager, but all additional payments and rewards.

According to the High Pay Center, in the UK the average CEO on the FTSE 100 list earns more than 4.5 million pounds a year, which is 132 times higher than the wages of employees of leading corporations and 160 times higher than the average earnings in the country as a whole.

Conservatives led by Prime Minister Theresa May intend to create a register of companies in which at least 20% of shareholders have voted against executive pay. May is confident that these and other proposals will increase social justice in British society.


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