Your Say On High Pay Campaign
EDM number 45 in 2012-13, proposed by Martin Horwood on 10/05/2012.
Categorised under the topic of Pay.
That this House notes with concern the49 per cent mean rise in the pay of FTSE 100 chief executives in2011, compared with a 2.7 per cent rise for the average employee; further notes the trend in recent decades for executive remuneration to rise out of all proportion to company performance; believes that excessive top pay does not serve the interests of business or the economy; further notes that shareholders are coming under increasing pressure to crack down on excessive pay; further notes that, since the introduction of the advisory vote on pay, only 19 remuneration reports have been voted down by shareholders; therefore supports theFairPensions' Your Say on High Pay campaign in empowering individual savers to hold their pension funds and ISA providers to account for their exercise of voting rights on executive pay; and calls on investors to respond to the campaign by taking a robust attitude to excessive remuneration and by publicly disclosing their voting records.
This motion has been signed by a total of 38 MPs.
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