Consultation outcome

Corporate governance reform

• From: Department for Business, Energy & Industrial Strategy
• Published: 29 November 2016
• Last updated: 29 August 2017 — See all updates

This was published under the 2016 to 2019 May Conservative government

This consultation has concluded

Read the full outcome

Corporate governance reform: government response

PDF, 426 KB, 68 pages

Detail of outcome

We invited views on how to improve the UK’s corporate governance framework. This document summarises the responses received and sets out the proposals which the government now intends to take forward.

Detail of feedback received

We received 375 responses from interested parties. A full list of the organisations that responded is included in the consultation response document.

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Original consultation

Summary

We are seeking views on how to improve the UK’s corporate governance framework.

This consultation ran from
midday on 29 November 2016 to 11:45pm on 17 February 2017

Consultation description

The UK has long been regarded as a world-leader in corporate governance, combining high standards with low burdens and flexibility. It is an important part of what makes the UK such an attractive place for both business and investors. We want to build on these strengths and further enhance our competitiveness.

This consultation asks for views on:

• executive pay
• employee and customer voice
• corporate governance in large private businesses

We also welcome other suggestions to help address the corporate governance challenges facing us.

We have amended paragraphs 1.7 and 1.8 of the paper to clarify the current framework for setting and reporting on executive pay. There are no changes to the consultation questions or options.

Documents

Corporate governance reform: green paper

Ref: BEIS/16/56

PDF, 529 KB, 59 pages

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Published 29 November 2016
Last updated 29 August 2017 + show all updates

1. 29 August 2017

   Added government response and detail of feedback received.

2. 18 January 2017

   Amended paragraphs 1.7 and 1.8 of the paper to clarify the current framework for setting and reporting on executive pay.

3. 29 November 2016

   First published.