In their election manifesto, the Conservative Party committed to strengthening the UK’s corporate governance regime. We explore what’s happened to date and look at recent proposals for corporate governance reform.
On 11 June 2018, the Government tabled new reporting requirements for large companies. Companies will now have to publish the ratio between their CEO pay and the pay of their average worker. The new law also requires directors to report on how they have had regard to the interests of other stakeholders, including employees and...
The Home Secretary says there are ‘no excuses’ for businesses not to meet the gender pay gap reporting deadline. It’s time for Government to send the same message on modern slavery. Today all private sector companies with 250 or more employees must have published details of their gender pay gap. Last week the deadline passed...
The Conservative 2017 Manifesto shares a number of similarities with pledges made under the 2015 Manifesto. These include: reducing red tape, addressing tax avoidance and evasion, and requiring companies to publish information on executive pay. In their 2017 Manifesto, the Conservatives pledge to introduce measures that ensure employees’ interests are represented on company boards, however...
The Liberal Democrats’ 2017 Manifesto makes similar commitments to those pledged in 2015. These include: reforming laws to extend company reporting to ethical practices, environmental, worker and community protections; tackling tax avoidance and utilising public procurement to promote best business practice. New pledges focus on keeping the UK in the single market, strengthening worker input into company...
Labour’s 2017 manifesto advances many of the party’s 2015 manifesto pledges. These include: introducing a Living Wage; working with companies to build sustainable supply chains; reforming the UK takeover regime; addressing shareholder short-termism; and targeting tax avoidance. Some new proposals include: collaborating with businesses to ensure they comply with Modern Slavery legislation and report on...
Plaid Cymru will put an end to the unfair business rates system, by moving towards a turnover-based system. We will ensure there is a properly funded Welsh Development Bank to invest in Welsh businesses.
