Friday, 11 May 2012

UK: the Company Remuneration Bill

The Company Remuneration Bill received its first reading in the House of Lords yesterday: see here. The Bill was introduced by Lord Gavron as a private members' bill. A copy of the Bill has not yet been published but it seems likely that it will cover the same ground as the Bill Lord Gavron introduced in the last session of Parliament and which did not become law. The current Bill stands little chance of becoming law, not least because provisions relating to directors' remuneration will be included in the Government's Enterprise and Regulatory Reform Bill.

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