Business Secretary Vince Cable wants shareholders to hold binding votes over executive pay. He said it was not Westminster's job to 'micro-manage' companies but insisted there were steps it could take when there was "clear market failure". There has been much focus on what is seen as 'casino-style' boardroom pay deals. Mr Cable told MPs: "We cannot continue to see chief executives' pay rising at 13% a year while the performance of companies on the stock exchange languishes well behind."