Business Secretary Vince Cable (centre)
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Vince Cable unveils changes on executive pay

Business Secretary Vince Cable has unveiled plans designed to curb executive pay in a speech to MPs.

Shareholders will be given more powers to block excessive pay packages and companies will be encouraged to increase diversity on their boards.

Firms will also have to justify high salaries in their remuneration reports.

Labour has said the plans do not go far enough.

The BBC's Robert Peston reports.

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