Labor to force companies to compare CEO's pay with that of median worker

Andrew Leigh says measure will help curb excessive pay and ‘ensure Australia gets a pay rise’

If elected Labor will legislate to require publicly listed companies to report the ratio of their chief executive’s pay to that of the median worker in a bid to curb “excessive” CEO pay.

The shadow assistant treasurer, Andrew Leigh, will announce the policy in a speech on the place of unions in Australia on Tuesday, promising to boost pay transparency and that a Shorten government would “ensure Australia gets a pay rise”.

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from The Guardian https://ift.tt/2Or9dml
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