Companies’ Remuneration Reports Bill

27 April 2009

Discussion of the general principles of the Companies Remuneration Reports Bill took place in the House of Lords on 24 April during second reading.

Lord Gavron introduced the Private Members' Bill that would require public quoted companies to publish the ratio between the highest paid director and the average pay of the lowest paid 10 per cent of the workforce.

Contributions to the debate came from Members with a wide range of expertise and experience in economics, business, law and more.

Private Members' Bills can be introduced in the Lords by any Member who would like to change a law. There is no ballot in the Lords. To become law a Private Members' Bill must go through the same stages as a Government Bill.

The Bill proceeds to committee stage for line by line examination of its content - a date for which is still to be scheduled.

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