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.
“It does leave you with a pretty bitter taste in your mouth when you see the excessive level of pay in certain cases,” Barnier told reporters in Brussels today.
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