Written question asked by Vincent Cable (Liberal Democrat) on Friday, 21 July 2000, in the House of Commons. It was due for an answer on Thursday, 27 July 2000. It was answered by Kim Howells (Labour) on Thursday, 27 July 2000 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, when he will introduce legislation to give greater executive responsibility to shareholders in respect of director's remuneration.

Answer: Dr. Cable: To ask the Secretary of State for Trade and Industry when he will introduce legislation to give greater executive responsibility to shareholders in respect of director's remuneration. [132803] Dr. Howells: The Department of Trade and Industry published a consultation paper on directors' remuneration last year which put forward a number of proposals for improving disclosure of directors' remuneration and the board's accountability to shareholders. My right hon. Friend the Secretary of State for Trade and Industry will make an announcement shortly on the Government's response to the consultation.

Secondary information