Ministers rapped on exec pay.

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The Institute of Chartered Secretaries and Administrators (ICSA) has criticised government proposals to put directors' pay to an annual shareholder vote. Such legislation would allow disreputable firms to hide behind the law by claiming compliance with the disclosure requirements, said Caroline Phillips, director of the ICSA's policy unit, and would encourage firms to treat directors' pay as a routine issue. The ICSA, together with institutional investors, has proposed that...

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