Submitted on Friday 25th April 2014
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Eliminate high levels of executive pay
High-unwarranted bonuses are regularly passed at AGMs of public limited companies by virtue of large blocks of proxy votes from other plc boards. Of course reciprocal voting occurs and as a result the gap between the highest and lowest paid in the UK is perpetuated. For example, the bonus pools for banks can be measured in billions of pounds, with individuals awarding themselves amounts that can be measured in tens of millions of pounds.
This is undesirable for a harmonious society.
To stop this, this petition proposes that, blocks of proxy votes for the purposes of remuneration (salary, bonuses, benefits, rewards) should be unlawful.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
3.141.31.240 Wed, 01 May 2024 21:00:06 +0100
