Oral Answers to Questions

Richard Fuller Excerpts

Wednesday 18th January 2017 Commons Chamber

[The Prime Minister]

I repeat what I said earlier: we will work to ensure we get the best possible deal in terms of access to the single market, and continue to co-operate in partnership with the remaining 27 member states of the European Union. The right hon. Gentleman once again talks about the possibility of a negative impact on Scotland if Scotland were not part of the single market. His party is dedicated to taking Scotland out of the single market by taking it out of the United Kingdom.

[Richard Fuller (Bedford) (Con)]

Q14. This week, directors of our larger companies have been told by investors to rein in senior executive pay, which is too often distorted by long-term incentive plans that are too complex to manage and too excessive in their rewards. Will my right hon. Friend look at such schemes as part of her corporate governance review?

[The Prime Minister]

My hon. Friend raises an important issue. I am pleased to say that the Government have already taken some action on executive pay: giving shareholders the power to veto pay policies, forcing companies to disclose the pay of their board directors and introducing tough transparency measures for banks. I want to build on that, which is why we published a Green Paper on how to strengthen shareholders’ influence over executive pay and introduced greater transparency. I look forward to receiving representations from my hon. Friend on this issue.