European Union financial services chief Michel Barnier, who hasalready won caps on banker bonuses, is seeking to give shareholdersa veto over the pay packages for executives at publicly tradedcompanies.
Barnier published measures today that call for shareholdersthroughout the 28-nation bloc to vote on remuneration policies forcompany directors at least every three years.
“It does leave you with a pretty bitter taste in your mouth whenyou see the excessive level of pay in certain cases,” Barnier toldreporters in Brussels today.
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