Part-timers’ City pay rise

PART-TIME chairmen of Britain's top companies have been given massive pay rises, with some earning more than £1 million a year.

An Evening Standard investigation reveals how their salaries have exploded in the past five years for roles often requiring no more than two days' work a week, and irrespective of the performance of the firms they oversee.

David Ellis, head of corporate governance at shareholder lobby group Pirc, said: "The chairmen's remuneration requires the fullest possible explanation."

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