New measures: executive pay and corporate governance plans

Remuneration

New measures: executive pay and corporate governance plans

August 28, 2017
NEDonBoard

The government has announced plans to introduce a new register of those publicly listed companies where at least 20 per cent of investors are unhappy with the amount its executives are paid.

Proposed measures will be published this week, aimed at improving corporate governance of UK companies and boardroom behaviour, with the register being amongst these, acting as a step towards improving transparency around high executive pay.

Following the government’s Corporate Governance Reform green paper, which sought views on executive pay, employee and customer voice, and corporate governance in large private businesses; and the House of Common’s BEIS Committee’s Corporate Governance Third Report of Session, the Financial Reporting Council (FRC) is also conducting a ‘fundamental review’ of the UK Corporate Governance Code.

Additional resource: Key governance learnings from the Renault-Nissan scandal

Written by Liv Noble.

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