UK government waters down plans to strengthen corporate governance
In a follow-up to its Corporate Governance Reform green paper consultation, the UK government has dropped many of its previous proposals to strengthen corporate governance.
Image: Iakov Kalinin, Shutterstock
Watered-down proposals to improve the UK’s corporate governance regime have been published by the country's government.
Previous proposals to introduce compulsory disclosure of prospective and historic bonus targets, annual binding votes on pay, employee representation on remuneration committees and formal discrediting of traditional executive option and long-term incentive plans, have all been ditched.
New laws requiring listed UK incorporated companies to report the ratio of CEO to average UK employee pay, and to clarify expected payouts under incentive schemes, are to be introduced. Also, the government wants the Investment Associa
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