HC Deb 23 June 1992 vol 210 c144W
Mr. Austin Mitchell

To ask the President of the Board of Trade if he will introduce legislation to require shareholders to be informed of the bonuses paid to company executives.

Mr. Neil Hamilton

Details of directors' service contracts over one year are, with some exceptions, required under the Companies Act 1985 to be made available for inspection by shareholders. In addition, aggregate details of directors' emoluments, with individual figures for the chairman and most highly paid director, have to be set out in the notes to the annual accounts. I do not propose legislation requiring further disclosure of individual directors' emoluments.