§ 15. Mr. DobbinTo ask the Secretary of State for Trade and Industry what measures he plans to introduce to increase shareholders' power in respect of setting directors' pay. [124600]
§ 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 the board's 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.