The UK government is expected to abandon plans to combat excessive executive pay over the coming weeks . Prime Minister Theresa May had intended to increase the power of shareholders to tackle boards on the issue , through proposals including the introduction of additional binding votes on executive policies . Such a proposal would require legislation , though , and the current minority government fears difficulties in getting its legislative approval through parliament . Plans which do not require legislation , including proposals on greater transparency in relation to executive pay , could still be introduced .
The UK government is expected to abandon plans to combat excessive executive pay over the coming weeks. Prime Minister Theresa May had intended to increase the power of shareholders to tackle boards on the issue, through measures including the introduction of additional binding votes on remuneration policies. Such a proposal would require legislation, though, and the current minority government fears difficulties in getting its legislative programme through parliament. Plans which do not require legislation, including proposals on increased transparency in relation to executive pay, could still be introduced.