London-Listed Companies Given More Freedom to Boost Top Executives Wages.

London-listed companies will have more flexibility to increase the wages of their top executives, as the Investment Association (IA) has changed its guidance for remuneration committees. The IA, which represents large investors in the UK, simplified its principles of remuneration to attract high-quality companies to the UK markets. The move comes after concerns were raised about London's status as a top financial center if executive wages were not increased. The IA's updated principles now allow companies to benchmark their wages against overseas competitors and encourage the use of hybrid pay schemes. [Extracted from the article]