Executive Pay and Remuneration Bill

A Bill to require that companies’ remuneration committees have employee representation; to require that companies hold an annual binding shareholder vote on executive remuneration; and for connected purposes

Originating House

House of Commons

Last Updated

26 April 2013

In Plain English

AI-generated

The bill would require companies’ remuneration committees to include employee representation and would introduce an annual binding shareholder vote on executive remuneration. It aims to strengthen governance around pay for top executives and give employees a direct say in pay decisions.

Key Points

Requires employee representation on remuneration committees.
Introduces an annual binding shareholder vote on executive remuneration.
The vote outcome is binding on the company, increasing accountability for pay decisions.
Applies to companies with remuneration committees and includes related governance and reporting requirements.

Progress

The bill is currently at the second reading in the House of Commons. If it progresses, it would move to committee stage for detailed scrutiny, followed by further readings and consideration by the Lords.

Who is affected?

Employees of companies with remuneration committeesCompany boards and senior executives (payees under the remuneration committees)Remuneration committees and HR/governance professionalsShareholders and investors (institutional and individual)Regulators and professionals involved in corporate governance

Generated 21 February 2026

Updates & Documents

News (1)

News - Executive Pay and Remuneration

1 Jan 1970

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Documents (1)

Bill 41, 2012-13, as introduced

BillCommons

31 Jan 2013

Parliamentary Votes (0)

No recorded votes for this bill yet.

Executive Pay and Remuneration Bill | TrackPolitics