Fund managers should be as open about their remuneration as company directors, says the Confederation of British Industry (CBI). Board-level executives are required to spell out their pay and rations in excruciating detail only to find that, instead of being praised for their transparency, they are often savaged for their greed.

Directors, as the CBI made clear last week, are fed up with this state of affairs. If full disclosure is a good principle for the company goose, then it's equally good for the investment manager gander.