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 Association to maintain a “name and shame” register of listed companies that come across opposition on