TITLE

Linking directors' pay

PUB. DATE
April 2001
SOURCE
Accountancy;Apr2001, Vol. 127 Issue 1292, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Great Britain's Department of Trade and Industry Secretary Stephen Byers has announced plans publish a introduce measures to improve the link between directors' pay and performance, in the nation. The proposed secondary legislation would require companies to publish a report on directors' remuneration as part of the annual reporting cycle. Byers hopes the new rules will help to ensure that shareholders have the necessary information to enable them to assess a company's policy on boardroom pay. Byers also said that he will be looking for further evidence that remuneration committees are composed exclusively of independent non-executive directors.
ACCESSION #
4851604

 

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