Britain's Prime Minister Theresa May tours the Alexander Dennis bus and coach manufacturers factory in Guildford, Britain August 23, 2017. REUTERS/Jack Taylor/Pool
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Theresa May has attacked excessive boardroom pay as the "unacceptable face of capitalism" as she prepares this week to launch a watered down package of measures to address the issue.Mrs May has bowed to pressure from chancellor Philip Hammond and business to abandon plans to put a worker on company boards, while plans to give shareholders more powers to block high pay have also been scaled back.Mrs May, writing in the Mail on Sunday, echoed former Tory prime minister Edward Heath's criticisms of the business tycoon Tiny Rowland, who he called the "unacceptable face of capitalism".A long-awaited package of reforms on corporate governance is also expected to create a register of those companies at which there has been a protest over executive pay by shareholders owning at least 20 per cent of the stock.
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