UK: Enterprise and Regulatory Reform Act 2013 receives Royal Assent

The Enterprise and Regulatory Reform Act 2013 received Royal Assent last Thursday: see here. A copy of the Act will be available here soon. The Act contains, amongst other things, some of the provisions necessary to introduce the new regime for shareholder approval of quoted company directors' remuneration. For further information see here (pdf).

Update (2 May 2013) - a copy of the Act is available here (pdf).

UK: Enterprise and Regulatory Reform Bill - update

The Enterprise and Regulatory Reform Bill 2012-2013 received its third reading in the House of Commons on Wednesday and now proceeds to the House of Lords: see here. The Bill contains, amongst other things, provisions concerning directors' remuneration including the proposed binding shareholder vote on remuneration policy.

UK: The Enterprise and Regulatory Reform Bill

The Enterprise and Regulatory Reform Bill completed the Committee Stage in the House of Commons this week and now proceeds to the Report Stage. There were two sittings on the final day of the Committee's meeting, recorded in Hansard, the official record of Parliamentary proceedings, here and here. On the final day the Committee considered amendments to the Bill regarding directors' remuneration. A copy of the Bill, reflecting the Committee Stage amendments, is available here (pdf). Clauses 61 to 64 concern remuneration and remuneration policy.

UK: directors' remuneration - amendments to the Enterprise and Regulatory Reform Bill

The Government has published explanatory notes to accompany the amendments it has tabled to the Enterprise and Regulatory Reform Bill to introduce a binding shareholder vote on remuneration policy in quoted companies: see here (pdf).

UK: Enterprise and Regulatory Reform Bill 2012

The Enterprise and Regulatory Reform Bill 2012 was introduced in the House of Commons yesterday and received its First Reading: see here. A copy of the Bill is available here (html) and here (pdf). Explanatory notes are available here (html) and here (pdf). With regard to directors' remuneration, the Bill is, at present, rather limited. This is because, as the Department for Business, Innovation and Skills announced yesterday (see here), the Government "aims to bring forward further detail ... later in the legislative process".