Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to paragraph 1.6 of the Government's paper Corporate Governance Reform published on 29 August 2017, how many and what proportion of the respondents that supported an annual binding vote on remuneration were trade unions.

Of the 375 respondents to the Corporate Governance Reform green paper consultation, 25 supported option (iii) which would require or encourage quoted company pay policies to set an upper threshold for total annual pay and ensure a binding vote where annual remuneration exceeds that threshold. None of the trade unions responding to the consultation supported this option.

Of the 375 respondents to the consultation, 26 supported option (iv) which would require the existing binding vote on executive pay policies to be held more frequently than every three years (or give shareholders the option of bringing forward an earlier binding vote). One trade union and one trade union representative council supported option (iv) representing 8% of the respondents who supported this option.

Of the 375 respondents to the consultation, 76 supported an annual binding shareholder vote on some or all elements of executive remuneration. This included two trade unions and one trade union representative council, comprising 4% of the respondents who supported this option.