Q&A: Voting on executive pay
- Published
David Cameron wants to let shareholders decide how much top executives should get paid.
He says it is wrong for executive pay "to keep going up and up and up" when the companies have not been very successful. He told Andrew Marr that such awards were "frankly ripping off the shareholders".
What is the situation currently and how might the government change it?
Do shareholders not get a vote at the moment?
Would it not look bad to ignore a majority vote against the directors' pay?
How would making the vote binding help?
Exactly what does Mr Cameron want to do?
What about stopping rewards for failure?
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