Executive remuneration discussion paper
Open date: 19 Sep 2011
Closing date: 25 Nov 2011
Response date: 23 Jan 2012
Discussion paper seeking views on issues relating to executive remuneration.
Update
On 23 January 2012, the Secretary of State for Business announced the Government’s next steps on tackling excessive executive pay.
The proposals bring taken forward will address this issue on four fronts:
- Greater transparency so that what people are paid is clear and easily understood.
- More shareholder power such as the introduction of binding votes, so they can hold companies to account.
- More diverse boards and remuneration committees (REMCOs) to tackle the status quo.
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Best practice led by the business and investor community
This follows on from the discussion paper published in September of last year (link below), which explored the issues surrounding executive remuneration, and a consultation on improving company narrative reporting.
A summary of responses to the discussion paper has now been published (link below).
Download the consultation
Download the government response
