§ Dr. CableTo ask the Secretary of State for Trade and Industry when he will introduce legislation to give greater executive responsibility to shareholders in respect of directors' remuneration. [132803]
§ Dr. HowellsThe Department of Trade and Industry published a consultation paper on directors' remuneration last year which put forward a number of proposals for improving disclosure of directors' remuneration and boards' accountability to shareholders. My right hon. Friend the Secretary of State for Trade and Industry will make an announcement shortly on the Government's response to the consultation.