The Quoted Companies Alliance Corporate Governance and Share Schemes Committees have advised on our response to the Department for Business, Innovations and Skills' consultation on Executive Pay: Shareholder Voting Rights, which proposes a binding shareholder vote on remuneration policy for listed companies.
Overall, the Quoted Companies Alliance stressed that any proposals on executive remuneration must be proportionate. We do not believe an annual binding vote on remuneration policy is necessary for small and mid-cap listed companies and this requirement should not extend to them.
