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<p>The government’s role should be to ensure the legal and institutional framework
supports shareholders in holding executives to account. To further this goal, the
government recently unveiled a series of measures to increase accountability and transparency
in the setting of corporate pay. Including a register of firms where shareholders
have significantly dissented against the level of corporate pay. Also, the government
recently announced its plan to modernise the corporate governance framework, which
will include requiring public companies to publish ratios of the difference in pay
between the CEO and the average worker.</p>
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