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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 what information companies will be required to publish on consultation with employees over director pay policy following implementation of his proposals on executive pay.

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

The Government has published, for comment, draft regulations which determine what companies must report on directors' pay. These draft regulations include the proposal that the report includes a statement on whether and if so how a company sought employee views on the remuneration policy.

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