Chuka Umunna is currently delivering a speech on executive pay.
A key point to take away from the shadow business secretary's speech is greater scrutiny for the role of remuneration consultants.
He will also announce that Labour is examining proposals to "empower shareholders". This would be done by moving towards a system where nomination committees are not composed of board members but of the four or five biggest shareholders in the company along with the non-executive chair of the board. It is a system already used in Sweden.
Full text of the speech can now be found here.
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