19 September 2003
Press Notice 93
REWARDS FOR FAILURE
Publication of Report
The Trade and Industry Select Committee will publish its Sixteenth Report of Session 2002-03, Rewards for Failure (HC 914) on Friday 26th September 2003 at 11.00 am.
Earlier this year the Government published a consultation paper, "Rewards for failure" Directors Remuneration - Contracts, Performance and Severance, following concerns about some instances where directors had left companies with very large severance payments despite the poor performance of those companies. The Committee took evidence from a variety of witnesses on the nature of the problem and considered some possible solutions.
Copies of the Report for witnesses and members of the press will be available from 11.00 am on Friday 26th September from the Committee offices at 7 Millbank. If you wish to collect a copy, please telephone in advance. Further copies may be purchased from the Stationery Office (inquiries: 0870 600 5522) and the Report will be available on our website at the address below after publication.
For further information or to request a copy of the Report, please contact the Trade and Industry Committee Office on 020 7219 5779.