Closed consultation

Merlin executive remuneration disclosure

This consultation was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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Original consultation

This consultation ran from 6 December 2011 12:00am to
14 February 2012 11:45pm

Summary

Extending the remuneration disclosures of the highest paid non-board executives made under Project Merlin, to all major UK banks from 2012 onwards.

Documents

Consultation document and impact assessment: Merlin Executive Remuneration Disclosure (PDF 3.6MB)

PDF, 3.53MB, 52 pages

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Consultation description

The aim of this consultation is to seek views on a mandatory requirement, from 2012, for large UK banks to publish the pay details of their eight highest paid senior executive officers.

We are inviting representations from all interested parties. Respondents should address any of the questions on which they feel they can make a contribution, as well as offering any further comments.

Background

In February 2011, the Government announced an accord between the UK Government and major UK banks under the name ‘Project Merlin’. As part of this announcement, the Government committed to consulting on extending the remuneration disclosures of the highest paid non-board executives made under Project Merlin, to all major UK banks from 2012 onwards.