U.K. seeks to rein in boardroom pay with new corporate rules

Companies forced to justify CEO-worker pay ratio

By Kate Holton

LONDON (Reuters) — Listed British companies will have to justify the gap in salaries between their average worker and chief executive under proposed new rules that fall short of Prime Minister Theresa May's initial plan to tackle soaring executive pay.

When May came into power after the 2016 Brexit vote, she vowed to tackle what she called the "unacceptable face" of capitalism, including pay gaps and mismanaged takeovers, that had driven a wedge between British bosses and their workers.

Read More Here