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Executives: Pay

Business, Innovation and Skills written question – answered on 28th June 2012.

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Photo of Chuka Umunna Chuka Umunna Shadow Secretary of State for Business, Innovation and Skills

To ask the Secretary of State for Business, Innovation and Skills with reference to the update of the Financial Reporting Council's Corporate Governance Code to codify current best practice, what constitutes a significant minority of shareholders voting against a pay resolution in an advisory vote.

Photo of Norman Lamb Norman Lamb The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The Financial Reporting Council will consult on this proposal once the Government's legislative reforms to directors' remuneration has been finalised.

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