Directors’ Pay

Neil Parish Excerpts

Wednesday 20th June 2012 Commons Chamber

[Neil Parish (Tiverton and Honiton) (Con)]

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]

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.