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EU’s Barnier Seeks Executive Pay Oversight

Plan would let shareholders veto executive pay packages.

By Jim Brunsden, Bloomberg | Updated on April 09, 2014

European Union financial services chief Michel Barnier, who has already won caps on banker bonuses, is seeking to give shareholders a veto over the pay packages for executives at publicly traded companies.

Barnier published measures today that call for shareholders throughout the 28-nation bloc to vote on remuneration policies for company directors at least every three years.

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