Yes, cut red tape. But shareholder votes on boardroom pay are not ‘pointless admin’
Nothing good can come of ditching annual investor votes on remuneration reports or encouraging online-only shareholder meetingsThe government, like every other one in living memory, is on a mission to reduce red tape for business. The former chancellor Rachel Reeves promised “a blitz on bureaucracy” and “pointless admin” and here comes the business department with a 12-week consultation on “modernising corporate reporting to support long-term economic growth”.Never mind that cutting energy costs for business would, by an order of magnitude,…
Source: www.theguardian.com