More firms breaching corporate governance code | Business

The number of FTSE 100 companies that are not fully compliant with the corporate governance code has risen over the past year, with businesses regularly flouting pensions guidelines.

Just under two fifths of companies in the leading index are fully compliant, down from 45 per cent last year, according to Thomson Reuters.

Under the code businesses should pay the same percentage of salary in pension contributions to all workers as they do to board executives. Research suggests that just over a third of FTSE 350 companies are still failing to do so.

The Investment Association, representing global investment managers, said in 2019 that companies should present a credible plan on how they would ensure that pension contributions of executives and the workforce were aligned by

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