Commons2nd readingView on Parliament.uk

Companies’ Remuneration Reports Bill [HL]

To make provision about remuneration reports in public quoted company accounts and reports.

Originating House

House of Lords

Last Updated

9 November 2009

In Plain English

AI-generated

This bill would set statutory rules for how remuneration (pay) for directors and senior executives is described in the accounts of publicly quoted companies. It aims to make remuneration reporting clearer and more comprehensive by specifying what must be disclosed in the remuneration report and how it should appear in public company accounts and annual reports.

Key Points

- Applies to publicly quoted (listed) companies and their annual accounts and remuneration reports.
- Specifies the information that must be disclosed in remuneration reports, including details about pay for directors and the organisation’s pay policy.
- Addresses how pay decisions are made, potentially requiring greater transparency from the remuneration committee.
- May introduce requirements for shareholder involvement or approval and prescribe certain formats or presentation standards.
- Could include enforcement measures for non-compliance or inaccuracies in reporting.

Progress

The bill is currently at the second reading in the House of Commons. It originated in the Lords, and two official documents (the Bill and an Amendment Paper) have been published; it will progress to detailed scrutiny in committee.

Who is affected?

Directors and senior executives of publicly quoted companiesRemuneration committees and company governance teamsShareholders and investors (including asset managers) in quoted companiesEmployees of publicly quoted companies (indirectly affected by pay transparency)

Generated 21 February 2026