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Eaton also uses a four-year performance period when setting pay for executives.
"This announcement suggests that firms have flexibility in setting pay levels," he said.
The government wants to ban executives at one company from setting pay at another.
Setting pay is a tricky task for trustees and senior managers.
More important, as long as the system for setting pay is broken, more disclosure makes things worse instead of better.
Mr Brown's codeword for reform is "a stronger local and regional dimension" in setting pay for public-sector workers.
Similar(19)
The bill does not set pay limits.
The way they have traditionally set pay no longer squares with the way their businesses work.
The degree of autonomy given to headteachers to set pay is likely to remain contentious.
Schools to be given more freedom to set pay in line with performance.
The local thought that the Taylor company and the orchestra should sign long-term union contracts with set pay scales.
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