Thursday, 10 February 2011

UK: remuneration disclosure by banks

The Government made various announcements yesterday regarding the agreement by four UK banks in respect of their 2010 bonus pool and disclosure of the remuneration received by the five highest paid 'executive officers' (in addition to directors' remuneration, which is already disclosed): see here. The Government also announced its intention to consult on the introduction of mandatory disclosure by large banks, from 2012, in respect of the remuneration of the 8 highest paid 'senior executive officers'.

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