Big UK banks will have to disclose how many of their UK employees are paid more than £1m under proposals to be published on Thursday by City banker Sir David Walker. Sir David will say that half the bonuses paid to employees should be deferred for three to five years. He will also propose that non-executive directors accept more responsibility for pay and risk, and ask institutional shareholders to engage more with the companies in which they invest.

This entry was posted by Gwen Robinson on Thursday, November 26th, 2009 at 5:00 and is filed under Capital markets, People. Tagged with sir david walker. Edit this entry.