Directors’ Pay Debate

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Directors’ Pay

Neil Parish Excerpts
Wednesday 20th June 2012

(12 years, 1 month ago)

Commons Chamber
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Neil Parish Portrait Neil Parish (Tiverton and Honiton) (Con)
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I welcome the Secretary of State’s statement, but are we giving shareholders enough power quickly enough to stop companies providing a lot of executive pay for very poor performance?

Vince Cable Portrait Vince Cable
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The measures in the Bill on the binding vote are strong ones. Whether they are implemented quickly enough depends partly on how quickly the House proceeds with the legislation. I would expect to see it coming into effect soon.