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UK will enforce laws obliging large businesses to publish differences in pays of CEO and employees

UK’s top firms will have to report on the gap in earnings of their CEO and an average employee in accordance to the proposed laws from 2020.

The new rules would be set out in Parliament today and the measure would pertain to companies with the number of workers above 250, said Greg Clark, Secretary of State for Business.

The anger of working people and shareholders is understandable when chief executive’s pay is not coordinated with the firm’s results, he also said. He believes that the new proposal would increase transparency and accountability, and will contribute to making a fairer economy.

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