The U.K. government proposed changes to the way executive pay is set and company boards are structured in measures that would extend to closely held companies, as Prime Minister Theresa May seeks to crack down on corporate excess ...
It is right to ask business to play its part in building an economy that works for everyone.
We will explore ways to improve and extend good governance across big business so that everybody plays by the same rules and we create an economy that works for everyone, not just the privileged few.
Businesses agree that legitimate concerns exist and are determined that the unacceptable behavior of the few should not tarnish the effectiveness of the many.
Reforms need to be proportionate, and businesses will want reassurances from government that any changes resulting from these proposals will not create additional, costly regulatory burdens for medium-sized and smaller companies.
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