Companies’ Remuneration Reports Bill [HL]

Key Points

• Applies to remuneration reports in the accounts and reports of publicly quoted (listed) companies.
• seeks to improve transparency of directors’ pay by requiring specific disclosures in those reports.
• Has gone through Lords stages (2nd and 3rd readings, etc.) and is now in the Commons, with the 2nd reading pending.
• Affects publicly listed companies, their boards and remuneration committees, and investors who rely on remuneration information.

Progress

Originated in the Lords, with multiple stages completed there in 2009; it has moved to the Commons, where it has had its 1st reading (28 Oct 2009) and awaits its 2nd reading.