Companies: Directors' Pay

House of Lords written question – answered on 3rd July 2012.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty's Government whether they consider the proposal that workers should be consulted over directors' pay to be a step towards syndicalism, and whether they will consider introducing legislation for workers' representation on management boards to be elected by, and from, the employees of the enterprise.

Photo of Baroness Wilcox Baroness Wilcox The Parliamentary Under-Secretary of State for Business, Innovation and Skills

The current consultation on revised remuneration reporting regulations includes a question on whether the forward-looking, policy section of the remuneration report should include a statement on whether and if so how a company sought employee views on the remuneration policy. The Government look forward to analysing all the responses after the consultation closes on 26 September 2012.

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