Binding veto on executive pay 'not enough' to transform shareholders voting habits

clock

A leading Labour MP will today call for a reinterpretation of fiduciary duty and dismiss the government's plans to give shareholders a binding vote on executive pay.

David Cameron has outlined moves to replace shareholders' advisory votes on executive pay packages with a binding veto. But in a speech to parliament later this afternoon, Jon Cruddas will argue...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Corporate Governance

PensionBee highlights pension saver demand for shareholder resolutions

PensionBee highlights pension saver demand for shareholder resolutions

Two-thirds think voting against re-election of directors is an effective way to communicate

Jasmine Urquhart
clock 03 April 2024 • 1 min read
TPR sets 90% scope 1 and 2 net zero target for 2030

TPR sets 90% scope 1 and 2 net zero target for 2030

Gas, electricity, business travel, water and waste emissions to be reduced in short term

Jasmine Urquhart
clock 02 April 2024 • 1 min read
Railpen updates 2024 voting policy

Railpen updates 2024 voting policy

Supplier payments, climate disclosures, minority shareholders prioritised for upcoming season

Jasmine Urquhart
clock 12 December 2023 • 4 min read
Trustpilot