Michael Murray: Transparency on succession planning is often more important for the serious investor than executive pay

C orporate governance is rarely the first thing I look at when assessing if I will invest in a company. The reports of corporate governance committees rarely excite, but some have become quite comprehensive, covering issues meaningfully that really matter to shareholders.

Although salaries and bonuses get most attention in the media and can get readers exercised, the work and report of the remuneration committees of plcs is generally pretty standard; non-executive directors ...