Statutory Performance Benchmarks

Dr. Kumar
To ask the Secretary of State for Trade and Industry if she will make a statement on the proposed introduction of statutory performance criteria into the process which determines board-room bonuses. [111654]

Ms Hewitt
Directors' remuneration is a matter for companies and their shareholders. The Government will shortly be consulting on issues relating to 'rewards for failure' and measures to more effectively link severance payments to performance through contracts.