Governance in brief — Government issues Green Paper on corporate governance reform
The Department for Business, Energy & Industrial Strategy (BEIS) has issued a Green Paper seeking views on how to improve the UK corporate governance framework and setting out options for updating the framework and reforming executive remuneration. The aim of the Green Paper is to consider what changes might be appropriate in the UK corporate governance regime to help ensure that we have an economy that works for everyone
The paper focuses on three areas and puts forward a number of options for consideration in each area:
- Ensuring that executive pay is properly aligned to long-term performance
- Giving greater voice to employees and consumers in the boardroom
- Raising the bar for governance standards in large privately-held companies
Please click to download the publication below.