Big business fights against better disclosure of pay
The Companies Amendment Bill seeks to compel listed firms to disclose the wage gap between the top 5% of earners and the bottom 5%
Big business has spoken out against a proposed law expected to force listed companies to declare the ratio between the top 5% of earners and the bottom 5% in their companies — with those in favour suggesting it could reduce inequality and increase fair pay.
SA is one of most unequal societies in the world, with CEOs earning salaries that are often hundreds or a thousand times more than the lowest-paid workers. ..
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