Vince Cable: Strengthen shareholder power

There is a growing wave of shareholder protest over how much top executives are paid.

Unilever, Bank of America and Glencore are all holding their annual meetings on Wednesday and shareholders are being urged by corporate governance consultants to vote against their pay policies.

On Tuesday the boss of UK insurer Aviva became the latest executive to be forced out by investors.

Its shares have fallen 54% in the five years Andrew Moss has been in charge yet his pay package last year was £5m.

Vince Cable, the UK Business Secretary told the BBC's Robert Peston, "We're looking at strengthening the power shareholders have over their company".

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