Companies: Executive Remuneration

Lord Campbell-Savours Excerpts

Wednesday 9th February 2011 Lords Chamber

[Baroness Wilcox]

My Lords, before I came to your Lordships' House today to answer this Question, I rather thought that this question was going to come from the noble Lord, Lord Donoughue, who commented greatly on the Bill introduced by the noble Lord, Lord Gavron, when it was debated in 2009. The question on that Bill, which will fit with the questions I have been asked now, was: should the AGM meeting vote on the directors’ remuneration report be binding instead of advisory?

[Lord Campbell-Savours]

On the publication of information.

[Baroness Wilcox]

On the publication of information. At the moment, we are going through this again with the first report to which I referred, A Long-Term Focus for Corporate Britain. I shall be reporting on this just before Easter.