By unhappy coincidence, the row unleashed by institutional investors over executive pay at Royal Mail last week came just after the unveiling of the UK’s newly revised corporate governance code. It was a salutary reminder that egregious boardroom pay awards remain endemic despite repeated reform efforts on both sides of the Atlantic.
英國新修訂的公司治理準則甫一公佈，機構投資者就圍繞皇家郵政(Royal Mail)的高階主管薪酬爆發了爭吵，這是一個令人遺憾的巧合。但它也是一個有益的提醒：儘管大西洋兩岸一再作出改革努力，但高得離譜的董事會薪酬標準仍是這兩地的頑疾。
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