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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 2 February 2018 to Question 125696, when he plans to implement the corporate governance reforms to require companies to publish the ratio of their Chief Executive Officer’s total annual remuneration to the average annual remuneration of the company’s UK employees.

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.