EXECUTIVE PAY

Early day motion 1196, tabled 13 May 2003 by Vincent Cable (Liberal Democrat). Signed by 77 members.

That this House recognises that executive pay needs to reflect the market demand for high quality staff, but notes with great concern the recent and high profile payment of large bonuses and 'golden goodbyes' where executives have manifestly failed; and urges the Government to strengthen legislation so as to give shareholders the power to veto excessive arrangements, rather than having a merely consultative role.

Signatures by party: Liberal Democrat 41, Labour 27, Labour/Co-operative 4, Plaid Cymru 3, UUP 2.