Tuesday, 8 November 2011

UK: the composition of boards and remuneration committees

The debate regarding the remuneration of the directors of large listed companies continues. The Archbishop of York has asked whether there should be employee representatives on company boards - see here - and Sir Richard Lambert, a former Director General of the Confederation of British Industry, has suggested, amongst other things, a role for Parliament: see here.  It would, in Sir Richard's view, "help to concentrate the minds of [remuneration] committee chairs if they thought there was a chance that they might be asked to explain their decisions to a Commons select committee".

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