Is the Law Doing Enough to Curb Excessive Directors’ Pay?

Abstract

Reflects on whether existing powers given to shareholders by the Companies Act 2006 to control directors' excessive pay are adequate, or whether further reforms are needed. Highlights the grey areas surrounding the requirement to disclose directors' remuneration, and the extent to which shareholders have proved ineffective at restricting excessive pay. Identifies the shortcomings of the current regime and how these might be addressed