Monday 5 September 2016

UK: 'Tackling corporate irresponsibility' - Government consultation this autumn

In a press conference this morning, at the end of the G20 summit in Hangzhou, the Prime Minister, the Rt Hon Theresa May MP, said that the Government would publish a consultation this autumn on proposals to tackle 'corporate irresponsibility': see here. This follows the speech that Mrs May delivered, shortly before becoming prime minister, in which she highlighted weaknesses in the governance framework and proposed various reforms: see here.

Update: a copy of the Prime Minister's press conference speech has been published: see here. With regard to the consultation paper, here is what the Prime Minister said:

.... to restore greater fairness, we will bring forward a consultation this autumn on measures to tackle corporate irresponsibility – cracking down on excessive corporate pay and poor corporate governance, and giving employees and customers representation on company boards".

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