Consultation outcome

Executive pay: consultation on enhanced shareholder voting rights

From:
Department for Business, Innovation & Skills
Published
14 March 2012
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
This consultation has concluded

Read the full outcome

Executive pay: consultation on enhanced shareholder voting rights - summary of responses

Ref: BIS/12/918

PDF, 135 KB, 10 pages

Detail of outcome

Original consultation

Summary

Consultation seeking views on proposed measures to give company shareholders greater influence over executive pay, through enhanced voting rights.

This consultation ran from
to

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

Executive pay: shareholder voting rights consultation

Ref: BIS/12/639

PDF, 212 KB, 40 pages

Written ministerial statement by Rt Hon Vince Cable - Executive pay: consultation on enhanced shareholder voting rights

Ref: BIS/12/667

PDF, 15.9 KB, 2 pages

Shareholder votes on executive remuneration: impact assessment

Ref: BIS/12/648

PDF, 195 KB, 27 pages

Regulatory Policy Committee opinion - impact assessment (IA): shareholder votes on executive remuneration

Ref: BIS/12/666

PDF, 71.6 KB, 2 pages

Oral statement by the Rt Hon Vince Cable, Secretary of State for Business, Innovation & Skills, on directors' pay: 20 June 2012

Ref: BIS/12/899

PDF, 178 KB, 3 pages

Directors' pay: guide to government reforms

Ref: BIS/12/900

PDF, 214 KB, 5 pages

Shareholder votes on directors remuneration: impact assessment

Ref: BIS/12/967

PDF, 429 KB, 31 pages

Regulatory Policy Committee opinion on impact assessment: shareholder votes on directors' remuneration

Ref: BIS/12/974

PDF, 68.5 KB, 1 page

Executive remuneration discussion paper: summary of responses

Ref: BIS/12/564

PDF, 197 KB, 21 pages

Updates to this page

Published 14 March 2012

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