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Shareholders 'should have more say about pay', says ABI

The Association of British Insurers has released guidelines on executive pay, including how much say shareholders should have in remuneration.

It also sets out the views of the ABI's influential investor members.

Otto Thorensen, the ABI's Director General, told Radio 5 live Wake Up To Money why it's important to be transparent about bosses' pay.

To hear more Radio 5 live highlights, please visit the best bits page.

Wake Up To Money broadcasts weekdays 0530 to 0600 on Radio 5 live.