UK Department for Business, Innovation and Skills (BIS) – BIS discussion paper: executive pay, URN: 11/1287, 19 Sep 2011. Responses by 25 November 2011. “Seeks views on wide-ranging proposals on how to link executive pay more closely to company performance. Aims to build a stronger understanding of the issues. Published in conjunction with a consultation on narrative reporting that includes proposals on the reporting of executive pay (URN 11/945).”
“Executive remuneration that is well structured, clearly linked to the strategic objectives of a company, and which rewards executive directors who contribute to the long-term success of that company, is important in promoting business stability and growth. Shareholders want to see remuneration being used effectively to attract, incentivise and appropriately reward executives, so that the value of the companies they invest in increases over time. The Government wants the UK to be a magnet for attracting and retaining the best talent, and to create a business culture that promotes sustainable growth and rewards long-term success.”
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