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Blackrock Pledges to Crack Down on Fat-Cat Pay and Hold its Board Members Accountable

This is Money

Blackrock has pledged to hold its board members accountable and crack down on fat-cat pay. The investment management company said it will vote against committee chairmen when it believes pay doesn’t match performance. Speaking to MPs during a business, energy and industrial strategy committee hearing, managing director Amra Balic said: ‘The key thing we will be doing is holding boards accountable.’ New dawn: Blackrock has pledged to hold its board members accountable and crack down on fat-cat pay She added that there is a ‘disconnect’ between executive pay and workers’ pay in the UK due to complex wage systems ...

Mentions: Investment Management