The government has now published a response statement to last year’s consultation on restoring trust in audit and corporate governance. Some of the proposals have been watered down, including on executive pay.
Overall, the aim is still for listed companies to strengthen existing powers to withhold and recover executive pay (malus and clawback) through changes to the Corporate Governance Code, but this will not include a mandatory list of trigger events.
Click here to read more.
For further information, please contact:
Mirit Ehrenstein, Linklaters
mirit.ehrenstein@linklaters.com
