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Early day motion tabled by primary sponsor Stephen Williams (Liberal Democrat), on Thursday, 2 February 2012, in the House of Commons. It is signed by 17 members in total.

CONTROL OF HIGH PAY BY CONSUMER POWER

That this House welcomes the decision by Sir Philip Hampton and Stephen Hester to waive their bonuses for this year and calls on all the highest-paid employees of banks which received public funds to show the same restraint; congratulates the Secretary of State for Business, Innovation and Skills on his campaign to improve transparency and strengthen the role of employees and shareholders in curbing the reward for failure culture; notes the launch of the UK Move Your Money campaign which encourages consumers to use their purchasing power to shape corporate decisions and encourages this campaign to work constructively with the Secretary of State to tackle excessive pay among the FTSE 100 companies and especially to maximise the role employees can play in using information and consultation arrangements.

Amendments

The Early day motion has received an amendment.

CONTROL OF HIGH PAY BY CONSUMER POWER (2678A1)
The Early day motion has received an amendment sponsored by Mark Durkan (primary, Social Democratic & Labour Party) and tabled on Thursday, 2 February 2012. It has been signed by 4 members in total.
after `culture;', insert `deplores the inertia and indifference displayed by Government Ministers on RBS bonuses, while they represent the public shareholder interest, which set no example to other shareholders of exerting influence to curb such executive indulgence;'.

Secondary information

Type
Early day motion
Reference
2678 
2678A1 
Session
2010-12
Other sponsors
Caroline Lucas
Tom Brake
Annette Brooke
Baroness Burt of Solihull
Mark Williams
David Ward
Subjects
Financial institutions Pay
Link
View this Early day motion on www.parliament.uk