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Executive pay is a matter for businesses, not politicians, says BCC

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Commenting on Business Secretary Vince Cable's announcement today regarding binding shareholder votes on executive pay, John Longworth, Director General of the British Chambers of Commerce (BCC) said: "Businesses must have the power to reward good performance, under the governance of non-executive directors and remuneration committees. But poor performance should not be rewarded, and shareholders have a role to play in holding their boards to account. "Over the years, corporate governance in thi