The Department for Business, Energy & Industrial Strategy (BEIS) issued in late November the new U.K. government green paper on corporate governance reform, seeking views on three areas in which the government wants to update the regulatory framework.
These three areas are shareholder influence on executive pay, which the paper claims has grown much faster over the last two decades than both other employees’ pay generally and corporate performance; measures that could increase the connection between boards of directors and other stakeholders; and whether listed company corporate governance codes should be extended to the largest privately-held companies.
