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Executive pay: consultation on enhanced shareholder voting rights
Consultation seeking views on proposed measures to give company shareholders greater influence over executive pay, through enhanced voting rights.
Last fetched 03 May 2026 · gov.uk
Detail
This consultation seeks evidence on the impact, costs, benefits and likely behavioural effects of proposals which include:
- an annual binding vote on future remuneration policy
- increasing the level of support required on votes on future remuneration policy
- an annual advisory vote on how remuneration policy has been implemented in the previous year
- a binding vote on exit payments over one year’s salary
It is built on the evidence received in response to a discussion paper on executive remuneration, published in 2011.
Following this consultation on enhanced shareholder voting rights the Business Secretary, Vince Cable, announced a reform of the framework for directors’ remuneration.
Documents
Executive pay: shareholder voting rights consultationapplication/pdfWritten ministerial statement by Rt Hon Vince Cable - Executive pay: consultation on enhanced shareholder voting rightsapplication/pdfShareholder votes on executive remuneration: impact assessmentapplication/pdfRegulatory Policy Committee opinion - impact assessment (IA): shareholder votes on executive remunerationapplication/pdfOral statement by the Rt Hon Vince Cable, Secretary of State for Business, Innovation & Skills, on directors' pay: 20 June 2012application/pdfDirectors' pay: guide to government reformsapplication/pdfShareholder votes on directors remuneration: impact assessmentapplication/pdfRegulatory Policy Committee opinion on impact assessment: shareholder votes on directors' remunerationapplication/pdfExecutive remuneration discussion paper: summary of responsesapplication/pdfExecutive pay: consultation on enhanced shareholder voting rights - summary of responsesapplication/pdf