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Top FTSE 100 investor: board pay must be in line with workforce

While base salaries often represent a small part of executives’ rewards, most bonus plans are set at a multiple of salary

One of Britain’s biggest investors has used its annual governance report to urge companies to stop executive salary increases getting out of proportion with pay deals handed to their wider workforces.

Sacha Sadan, director of corporate governance at Legal & General Investment Management (LGIM), said high levels of executive pay “quite rightly remain a burning issue with the media and the British public”.

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