The Business, Innovation and Skills Committee has launched a corporate governance inquiry, which includes a focus on executive remuneration. The chair of the committee, Ian Wright MP, said: “Whopping pay awards to senior executives are not only vastly bigger than workers could ever expect to receive but often seem to have very little relationship to … Continue Reading
With the news today that Theresa May will become prime minister this Wednesday, we note with interest reports that she intends to make large companies more accountable by having consumers and employee representatives on boards. This resurrects an idea put to consultation by BIS during Vince Cable’s watch in the run-up to the introduction of … Continue Reading
The Department for Business Innovation and Skills (BIS) has published a research paper on companies’ compliance with the new directors’ remuneration reporting regulations (DRRRs) in the 2014 AGM season. The research was carried out by Manifest, taking a random sample of 93 UK-incorporated companies listed on the London Stock Exchange. Thirty-eight of these companies had … Continue Reading
With the release of Associated British Foods’ Directors’ Remuneration Report on 4 November 2014, the final curtain has come down on the 2013-14 FTSE100 DRR season. Whilst we still await the AGMs (and therefore shareholders’ votes on the DRRs) of a handful of FTSE100 companies (namely Smiths Group, BHP Billiton, BSkyB, Wolseley and ABF itself), … Continue Reading
