A leading Labour MP will today call for a reinterpretation of fiduciary duty and dismiss the government's plans to give shareholders a binding vote on executive pay.
Pension schemes could be caught in the Serious Fraud Office's crosshairs following a landmark corruption case that saw the government department recuperate £131,201 from shareholders.
Campaigning groups have welcomed the government's move to tackle spiralling executive pay, but warn giving shareholders a binding vote is not enough to stall the practice.