Corporate governance reform

The UK has long been regarded as a world-leader in corporate governance, combining high standards with low burdens and flexibility. It is an important part of what makes the UK such an attractive place for both business and investors. We want to build on these strengths and further enhance our competitiveness.

This consultation asks for views on:

• executive pay
• employee and customer voice
• corporate governance in large private businesses

We also welcome other suggestions to help address the corporate governance challenges facing us.

We have amended paragraphs 1.7 and 1.8 of the paper to clarify the current framework for setting and reporting on executive pay. There are no changes to the consultation questions or options.