Government to introduce new disclosure requirements on boardroom pay

EXECUTIVE PAY

Government to introduce new disclosure requirements on boardroom pay

Companies are to be required to publish more details of directors' pay and performance bonuses under proposed legislation.

Want to know more?

• Department of Trade and Industry: If you are interested in finding out more about the government's announcement, jump to . . .here

• Association of British Insurers: The ABI, which represents institutions managing around a quarter of funds listed on the London stock market, welcomed the proposal . . .
  www.abi.org.uk/HOTTOPIC/nr401.asp

• But its new guidelines make clear that ABI members expect an opportunity to vote where there is a substantive amendment to the rules and operation of pay schemes . . .
  www.abi.org.uk/HOTTOPIC/nr396.asp

• National Association of Pension Funds: NAPF also broadly welcomed the announcement, but argues that the proposals are a missed opportunity because they do not give shareholders the right to vote on the annual remuneration committee report . . .
  www.napf.co.uk/07_mar_2001b.htm