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Video: Calls for 'fat cat' crackdown as bosses earn 150 times more than staff.

A Conservative MP has proposed a “provocative” Scandinavian-style shake-up of the corporate governance of UK firms to help to curb spiralling executive pay.

Chris Philp, who won Croydon South for the Tories in last year’s general election, proposes that the five biggest shareholders in large listed companies should be compelled to form a “shareholder committee” which will provide much more rigorous scrutiny of bosses’ pay packages.

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