Company Remuneration Bill [HL]

Key Points

• Creates a formal framework for setting and approving pay for directors and senior executives.
• Requires companies to publish clear remuneration policies and pay outcomes.
• Introduces governance safeguards, including oversight by remuneration committees or independent bodies.
• Establishes enforcement and compliance provisions to ensure adherence to the policy.
• Defines the scope of affected companies (to be set out in the bill).

Progress

The bill is at the second reading stage in the Lords. If it progresses, it would move through the subsequent stages in the Lords and then to the House of Commons for consideration.