Obama said he would make the government "open and transparent" and put any bill that ends up on his desk online for five days before he signs it.

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Labour Behind the Label and others are calling on all brands sourcing from Bangladesh to publicly sign up to take part in the building and fire safety scheme to make transparent, worker-led improvements to the industry.

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Specific options include giving shareholders a binding veto on board pay, changing the make-up of pay committees and making compensation, including pay ratios, more transparent.

ECONOMIST: Executive pay