"‘ENABLE Funding’ is a scheme administered by the British Business Bank which provides senior funding (effectively at commercial terms) to delivery partners and is designed to increase funding diversification for leasing and asset finance providers and peer-to-peer lenders, with the overall purpose of increasing the supply of debt to underlying …..." Kelly Tolhurst - View Speech
"I am writing to inform the House that the Government are pleased to accept all of the Low Pay Commission’s recommendations for the new national living wage and national minimum wage rates, which will come into force in April 2020.
"The UK has some of the world’s most productive businesses and has a strong business environment upon which we can build. Despite this, the UK has a long-standing productivity gap with international competitors. That is why we launched the joint Department for Business, Energy and Industrial Strategy and HM Treasury, …..." Kelly Tolhurst - View Speech
"The Government will today publish the report on the statutory post-implementation review of the People with Significant Control (PSC) regulations. We are required to complete a PIR by virtue of various regulations:
Small Business, Enterprise and Employment Act 2015;
The Register of People with Significant Control Regulations 2016;
"I have set performance targets for the Insolvency Service for the financial year 2019-20. The Insolvency Service is the Government agency that provides public services to those affected by financial distress or failure.
The Insolvency Service provides the frameworks that deal with insolvency and the financial misconduct that sometimes accompanies …..." Kelly Tolhurst - View Speech
"Average FTSE 100 CEO pay more than quadrupled from £1 million in 1998 to £4.5 million in 2012. Since then, the median average has fallen by £1.04 million. We have recently implemented a number of reforms to make further improvements to executive pay transparency and accountability through vehicles such as …..." Kelly Tolhurst - View Speech
"I thank the right hon. Gentleman for his question. As I mentioned, CEO pay has fallen. There were reforms at the beginning of the year, to ensure that shareholders’ voices are heard more in the boardroom. There is a binding vote every three years on remuneration policy, and there is …..." Kelly Tolhurst - View Speech
"My hon. Friend is right, and that is what the Government’s reforms have done. As I outlined, shareholders have a vote every three years and an advisory vote every year. Through the reforms, we have also enabled employee directors, non-exec directors or employee councils to have representation on the board. …..." Kelly Tolhurst - View Speech
"I thank the hon. Lady for the work she is doing on the Select Committee. Thomas Cook did have clawback and malus arrangements in place for the recovery of directors’ bonus payments in specific circumstances, as required by the UK corporate governance code. My right hon. Friend the Secretary of …..." Kelly Tolhurst - View Speech
"I thank my right hon. Friend for raising this. Part of the reforms in January was to make organisations report back on the effect of share price growth on executive pay outcomes. We published some evidence before the summer from a review undertaken on share buy-backs, and there was no …..." Kelly Tolhurst - View Speech