Government to introduce new disclosure requirements on boardroom pay
Companies are to be required to publish more details of directors' pay and performance bonuses under proposed legislation.
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Department of Trade and Industry: If you are interested in finding out more about the government's announcement, jump to . . .here
Association of British Insurers: The ABI, which represents institutions managing around a quarter of funds listed on the London stock market, welcomed the proposal . . .
But its new guidelines make clear that ABI members expect an opportunity to vote where there is a substantive amendment to the rules and operation of pay schemes . . .
National Association of Pension Funds: NAPF also broadly welcomed the announcement, but argues that the proposals are a missed opportunity because they do not give shareholders the right to vote on the annual remuneration committee report . . .