Consultation on directors' remuneration
Close date: 14 January 2011
The Government consults on the apparent short-term objective of capital markets and the concern that engagement between companies and investment managers does not foster long-term business success. Within the consultation, the Government seeks views on directors' remuneration. The consultation highlights how managers' profit can be disproportionate to their contribution and that directors face a conflict of interest in setting their own pay. It seeks views on: widening the membership of committees that consider directors' pay; whether or not shareholders are effective in holding companies to account over pay; and the impact of greater transparency of directors' pay.
Consultation document: A long-term focus for corporate Britain: a call for evidence (PDF format, 443K) (on the BIS website)