Executives: Pay

Business, Innovation and Skills written question – answered on 2nd July 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 whether company remuneration policies will be required to be published according to a standard format to enable comparisons with past policies and those of other companies as part of his proposals on executive pay.

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

The revised reporting regulations require companies to provide clearer, more concise and more relevant information about pay, particularly on the link to performance. This will include information that is comparable across companies like the single figure for total pay for each director. These reports will be comparable from year to year.

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