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

To ask the Secretary of State for Business, Energy and Industrial Strategy, when he plans to publish the regulations to implement the Government's policy of requiring listed companies to publish pay ratios; and whether those regulations are planned to be in force by June 2018.

The Government is committed to introducing a new statutory reporting requirement to require quoted companies to disclose and explain the ratio of the Chief Executive Officer’s total annual remuneration to the average annual remuneration of the company’s UK employees. The regulations to implement this provision (along with the other new reporting provisions being introduced as part of the corporate governance reforms announced in August 2017) are being drafted and will be laid in draft in Parliament later this year subject to other Parliamentary business.