Boardroom Pay

EDM number 1600 in 1997-98, proposed by Desmond Turner on 23/07/1998.

That this House is appalled by the greed displayed by the board members of too many British companies in voting themselves grotesquely excessive salary increases, performance bonuses and share options even when company performance is no more than average, thus creating inflationary pressures and running counter to the national imperative for wage restraint; and accordingly asks the Government to consider ways of restricting this abuse, including, if necessary, special tax measures.

This motion has been signed by a total of 67 MPs, 2 of these signatures have been withdrawn.