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Company Law Reform Bill [HL]

I would not say that it is typical of all companies, because not all companies have remuneration committees. If you want to address that issue, there are solutions that could be quite easily done under the combined code. There is no reason why remuneration committees should have people who are in a high-level executive position sitting on them. There are normally enough directors who are non-executives who are completely independent to make up the numbers. That sort of approach would take you down that route. I am seriously troubled that even with the amount of time, effort and available information that is being produced we are not getting the message across. That probably needs to be looked at again, in which case the combined code needs a pretty good look at.