Theresa May has turned her attention to the pay chasm between top executives and average workers.
Under new government proposals, set to be officially announced early this week, companies will be forced to reveal the gap between chief executive salaries and those on an average wage at the company.
This is one of the initiatives Number 10 has put forward that will be part of its consultation on curbing corporate pay, others include improving the effectiveness of remuneration committees and employee votes on pay packages.
Theresa May had promised to "tackle corporate greed" when she was elected prime minister in July this year amidst concerns over soaring pay packages for top executives.
Pay for top level management of FTSE100 companies has risen from an average of £1m in 1998 to £4.3m in 2015, outstripping growth in pay for average workers.
A green paper published this week will include proposals to: force companies to publish pay ratios that show the difference in earning between the chief executive and average employee; improve the effectiveness of remuneration committees and the extent to which they must consult shareholders and the wider company on pay; introduce binding votes on executive pay packages.
In a nod to a previous and now dropped proposal to put non-executive employees on company boards, as part of the plan to reform remuneration committees, the government said it was "considering" whether employees' representatives should be given an advisory role.
A statement from the UK government, said: "Businesses are a pillar of our society, creating employment opportunities and contributing significantly to funding our country's public services.
"The UK has led the world in corporate governance, but our strong reputation can only be maintained if government and business regularly reviews and upgrades our governance.
"Good governance helps companies take better decisions, for their own long-term benefit and the economy overall - ensuring public trust in British business and making sure the UK is the best place in the world to do business."
Number 10 said that the prime minister believed that measures to tackle rogue bosses are required to "improve the reputation of capitalism in the face of the rise in anti-globalisation and anti-business sentiment".
As part of the proposed shake-up, Whitehall experts looked at measures taken in other countries including the United States, France and Australia.
