Commission calls for open pay

Companies should include workers on remuneration committees to mak setting executive pay more transparent, the independent High Pay Commission said in its report yesterday. The HPC, set up by left-of-centre pressure group Compass with backing from the Joseph Rowntree Charitable Trust, includes a range of respondents, from fund managers and pension funds to trade unions. Business secretary Vince Cable said many of the report’s ideas “are reflected” by the options examined in his own report on top pay, due early next year.