Consultation outcome
Executive pay: consultation on enhanced shareholder voting rights
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Detail of outcome
Original consultation
Consultation description
This consultation seeks evidence on the impact, costs, benefits and likely behavioural effects of proposals which include:
- an annual binding vote on future remuneration policy
- increasing the level of support required on votes on future remuneration policy
- an annual advisory vote on how remuneration policy has been implemented in the previous year
- a binding vote on exit payments over one year’s salary
It is built on the evidence received in response to a discussion paper on executive remuneration, published in 2011.
Following this consultation on enhanced shareholder voting rights the Business Secretary, Vince Cable, announced a reform of the framework for directors’ remuneration.
Documents
Published 14 March 2012