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Government draws up plans to scrap limit on City board pay
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fnlondon.comThe government has moved one step closer to removing restrictions on non-executive director pay, despite criticisms the moves would reward wealthy City board members amid a raging cost-of-living crisis.
The Department for Business, Energy and Industrial Strategy has drawn up a cost-benefit analysis on overhauling rules that prevent non-executive directors from being paid in shares of the firms they advise, according to a response to a Freedom of Information Act request from Financial News.
A non-executive...
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