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Written question asked by Lord Mendelsohn (Labour) on Tuesday, 3 May 2016, in the House of Lords. It was due for an answer on Tuesday, 17 May 2016. It was answered by Baroness Neville-Rolfe (Conservative) on Thursday, 12 May 2016 on behalf of the Department for Business, Innovation and Skills.


Managers: Pay

Question

To ask Her Majesty’s Government whether they intend to legislate to change non-binding shareholder votes in relation to executive pay in public companies to binding votes if they pass the 50 per cent threshold.

Answer

It has not proved possible to respond to this question in the time available before Prorogation. Ministers will correspond directly with the noble Lord.


Secondary information

Type
Written question
Reference
HL8136
Session
2015-16
Grouped for answer
Yes
Subjects
Pay Managers Shareholders
Link
View this Written question on www.parliament.uk