Consultation on executive pay

Close date: 27 April 2012

The Government consults on giving shareholders an annual binding vote on their company's remuneration policy and a binding vote on exit payments worth more than one year's base salary. It also proposes that companies should obtain a higher level of shareholder support to pass the vote on future remuneration policy, and maintaining an annual advisory vote on the company's implementation of remuneration policy over the previous year. The consultation forms part of a package of measures to "address failings in the corporate governance framework for executive remuneration".
Consultation document: Shareholder voting rights consultation (PDF format, 213K) (on the BIS website)