Secretary of State for Business, Innovation and Skills, Vince Cable, made a statement in the House of Commons on Wednesday 20 June on directors' pay.
The Business Secretary set out the Government's proposals for directors' pay in his statement. The Government will bring forward amendments to the Enterprise and Regulatory Reform Bill to introduce these reforms. Further information can be found on the Department for Business, Innovation and Skills website and the Enterprise and Regulatory Reform Bill webpages.
Shadow Secretary of State for Business, Innovation and Skills, Chuka Umunna, responded to the statement on behalf of the Opposition.
Watch and read the statement and the views expressed by MPs on Parliament TV and in Commons Hansard. Also find current parliamentary material on Pay in the Topics and News sections.
Oral statements are made after Question Time (or at 11am on a Friday). Statements normally relate to matters of policy or government actions. At the end of a statement, MPs can respond or question the government minister on its contents.
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