Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what progress the Government is making on its plans for increased transparency on executive pay; and if he will make a statement.

A clear, dependable and modern corporate governance framework is one of the major strengths of the UK as a place to do business and further transparency can help strengthen this framework further. The government recently announced its plan to modernise the corporate governance framework, which will include requiring public companies to publish ratios of the difference in pay between the CEO and the average worker.