Bankers’ bonuses on the racks again as Government set to clamp down on cronyism

Even those who are not keen students of executive pay will know there are regular calls for change to the current system - particularly following economic downturns. However, this time, with the Government committing publicly to change, it not an issue that is about to disappear.

From this arises a series of issues which are addressed in this white paper, including the giving of more powers to shareholders, stamping out cronyism, simplifying the disclosure of pay and improving the structure of payment systems.