State targets executive pay disclosure
Companies to be compelled to reveal the wage differentials between executives and workers
20 September 2021 - 20:10
The government’s push to compel companies to disclose the wage differentials between executives and workers is a step closer to becoming law after the cabinet approved the publication of the Companies Amendment Bill for public comment.
In a statement on Monday after a meeting, the cabinet said the proposed legislation seeks to amend the Companies Act to reduce regulatory regime on businesses; tighten anti-money laundering gaps; strengthen the disclosure requirements and enhance the shareholder powers in a company...
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