Managers: Pay

(asked on 12th October 2017) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, when the Government plans to introduce the register on shareholder voting announced by the Prime Minister on 27 August 2017; and whether his Department has undertaken an impact assessment of the number of companies it expects to be placed on that register.

Answered by
Margot James Portrait
Margot James
This question was answered on 18th October 2017

The Government’s response to the Corporate Governance Reform green paper consultation invited The Investment Association to implement its proposal to establish a public register of quoted companies encountering shareholder opposition of 20% or more to executive pay and other resolutions. The Investment Association is working to establish the register by the end of the year and the number of companies included will be confirmed at that time.

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