§ Vernon Coaker
To ask the Secretary of State for Trade and Industry if she has reached a decision on how to improve accountability on boardroom pay. 
§ Ms Hewitt
The Government believe that it is important that directors are seen to be accountable to shareholders. Dialogue between directors and shareholders on remuneration issues is more likely to be effective if underpinned by a framework that ensures that shareholders can vote on directors' remuneration. Equally, it is clear that despite the actions of many well intentioned institutional investors, many quoted companies have failed to respond adequately to the best practice recommendations on accountability to shareholders and performance linkage. The Government will therefore introduce secondary legislation to require quoted companies to put forward a resolution to shareholders on the directors' remuneration report every year. This will complement the Government's earlier announcement that it will legislate to strengthen the disclosure requirements in this area, particularly with regard to the linkage between pay and performance.