May Pledges Corporate Crackdown as Osborne Courts Wall Street
- Chancellor to lobby investors in U.S., China, Singapore
- Eagle to challenge Corbyn as May-Leadsom Tory race heats up
Osborne Heads to Wall Street to Shore up Confidence
U.K. Home Secretary Theresa May pledged to crack down on corporate irresponsibility if she succeeds David Cameron as prime minister, as Chancellor of the Exchequer George Osborne headed to Wall Street on Monday to shore up investor confidence.
Shareholder votes on executive pay will become binding and companies will be required to have shareholders and workers represented on their boards in an effort to make big businesses more accountable, May will say in a speech Monday, according to e-mailed extracts. Laying out her pitch for Conservative Party members to choose her ahead of Energy Minister Andrea Leadsom, her only remaining rival for the leadership, May is also due to say that she’ll honor last month’s referendum vote to leave the European Union.