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756766
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Pay more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Government's paper, Corporate Governance Reform, published on 29 August 2017, whether the publication of pay multiples will apply solely to the CEO of a company. more like this
star this property tabling member constituency Salford and Eccles more like this
star this property tabling member printed
Rebecca Long Bailey more like this
star this property uin 8198 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-12more like thismore than 2017-09-12
star this property answer text <p>Work is underway to bring forward legislative proposals for pay ratio reporting as soon as possible.</p><p> </p><p>The pay ratio reporting requirement is intended to apply to the Chief Executive Officer (CEO) of the company and to be determined by reference to the single figure for total remuneration receivable by the CEO that quoted companies are required to disclose annually (along with the pay of other directors).</p> more like this
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 8199 more like this
star this property question first answered
less than 2017-09-12T07:47:52.713Zmore like thismore than 2017-09-12T07:47:52.713Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
star this property previous answer version
8978
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James more like this
star this property answering member
4115
star this property label Biography information for Margot James more like this
unstar this property tabling member
4396
unstar this property label Biography information for Rebecca Long Bailey more like this
756767
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Pay more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Government's paper, Corporate Governance Reform, published on 29 August 2017, whether annual pay ratio reporting will require the reporting of exact pay and remuneration. more like this
star this property tabling member constituency Salford and Eccles more like this
star this property tabling member printed
Rebecca Long Bailey more like this
star this property uin 8199 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-12more like thismore than 2017-09-12
star this property answer text <p>Work is underway to bring forward legislative proposals for pay ratio reporting as soon as possible.</p><p> </p><p>The pay ratio reporting requirement is intended to apply to the Chief Executive Officer (CEO) of the company and to be determined by reference to the single figure for total remuneration receivable by the CEO that quoted companies are required to disclose annually (along with the pay of other directors).</p> more like this
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 8198 more like this
star this property question first answered
less than 2017-09-12T07:47:52.76Zmore like thismore than 2017-09-12T07:47:52.76Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
star this property previous answer version
8979
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James more like this
star this property answering member
4115
star this property label Biography information for Margot James more like this
unstar this property tabling member
4396
unstar this property label Biography information for Rebecca Long Bailey more like this
756771
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Pay more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to paragraph 1.6 of the Government's paper Corporate Governance Reform published on 29 August 2017, how many and what proportion of the respondents that supported an annual binding vote on remuneration were trade unions. more like this
star this property tabling member constituency Salford and Eccles more like this
star this property tabling member printed
Rebecca Long Bailey more like this
star this property uin 8179 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-11more like thismore than 2017-09-11
star this property answer text <p>Of the 375 respondents to the Corporate Governance Reform green paper consultation, 25 supported option (iii) which would require or encourage quoted company pay policies to set an upper threshold for total annual pay and ensure a binding vote where annual remuneration exceeds that threshold. None of the trade unions responding to the consultation supported this option.</p><p> </p><p>Of the 375 respondents to the consultation, 26 supported option (iv) which would require the existing binding vote on executive pay policies to be held more frequently than every three years (or give shareholders the option of bringing forward an earlier binding vote). One trade union and one trade union representative council supported option (iv) representing 8% of the respondents who supported this option.</p><p> </p><p>Of the 375 respondents to the consultation, 76 supported an annual binding shareholder vote on some or all elements of executive remuneration. This included two trade unions and one trade union representative council, comprising 4% of the respondents who supported this option.</p><p> </p>
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 8180 more like this
star this property question first answered
less than 2017-09-11T13:06:12.883Zmore like thismore than 2017-09-11T13:06:12.883Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4396
unstar this property label Biography information for Rebecca Long Bailey more like this
756772
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Company Law more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to paragraph 1.7 of the Government's paper Corporate Governance Reform published on 29 August 2017, how many and what proportion of the respondents that supported options (iii) and (iv) were trade unions. more like this
star this property tabling member constituency Salford and Eccles more like this
star this property tabling member printed
Rebecca Long Bailey more like this
star this property uin 8180 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-11more like thismore than 2017-09-11
star this property answer text <p>Of the 375 respondents to the Corporate Governance Reform green paper consultation, 25 supported option (iii) which would require or encourage quoted company pay policies to set an upper threshold for total annual pay and ensure a binding vote where annual remuneration exceeds that threshold. None of the trade unions responding to the consultation supported this option.</p><p> </p><p>Of the 375 respondents to the consultation, 26 supported option (iv) which would require the existing binding vote on executive pay policies to be held more frequently than every three years (or give shareholders the option of bringing forward an earlier binding vote). One trade union and one trade union representative council supported option (iv) representing 8% of the respondents who supported this option.</p><p> </p><p>Of the 375 respondents to the consultation, 76 supported an annual binding shareholder vote on some or all elements of executive remuneration. This included two trade unions and one trade union representative council, comprising 4% of the respondents who supported this option.</p><p> </p>
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 8179 more like this
star this property question first answered
less than 2017-09-11T13:06:12.933Zmore like thismore than 2017-09-11T13:06:12.933Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4396
unstar this property label Biography information for Rebecca Long Bailey more like this
756776
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Directors: Staff more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to page 4 of the Government's paper Corporate Governance Reform published on 29 August 2017, whether he has assessed the potential effect of a designated non-executive director on strengthening the voice of employee influence. more like this
star this property tabling member constituency Salford and Eccles more like this
star this property tabling member printed
Rebecca Long Bailey more like this
star this property uin 8174 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-11more like thismore than 2017-09-11
star this property answer text <p>The Government’s green paper on corporate governance reform sought views on the option of designating a non-executive director to ensure that voices of employees and other interested groups are heard at board level. Responses to the consultation suggested that this could be an effective option if appropriately resourced and supported, and care taken to ensure that the responsibilities associated with the role are clearly identified.</p><p> </p><p>It will be for individual boardrooms to determine how they can engage most effectively with employees and meet their duty to have regard to employee interests.</p><p> </p><p>The Government intends to introduce secondary legislation to require all companies of significant size (private as well as public) to explain how their directors comply with the requirements of section 172 to have regard to employee and other interests.</p><p> </p> more like this
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 8177 more like this
star this property question first answered
less than 2017-09-11T13:09:45.933Zmore like thismore than 2017-09-11T13:09:45.933Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4396
unstar this property label Biography information for Rebecca Long Bailey more like this
756769
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Staff more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Government's paper Corporate Governance Reform published on 29 August 2017, what plans he has to require companies to accept recommendations from an employee advisory council. more like this
star this property tabling member constituency Salford and Eccles more like this
star this property tabling member printed
Rebecca Long Bailey more like this
star this property uin 8177 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-11more like thismore than 2017-09-11
star this property answer text <p>The Government’s green paper on corporate governance reform sought views on the option of designating a non-executive director to ensure that voices of employees and other interested groups are heard at board level. Responses to the consultation suggested that this could be an effective option if appropriately resourced and supported, and care taken to ensure that the responsibilities associated with the role are clearly identified.</p><p> </p><p>It will be for individual boardrooms to determine how they can engage most effectively with employees and meet their duty to have regard to employee interests.</p><p> </p><p>The Government intends to introduce secondary legislation to require all companies of significant size (private as well as public) to explain how their directors comply with the requirements of section 172 to have regard to employee and other interests.</p><p> </p> more like this
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 8174 more like this
star this property question first answered
less than 2017-09-11T13:09:45.98Zmore like thismore than 2017-09-11T13:09:45.98Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4396
unstar this property label Biography information for Rebecca Long Bailey more like this
757000
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Directors: Staff more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make it his policy to give employees of a listed company the right to be represented on the board. more like this
star this property tabling member constituency Oxford West and Abingdon more like this
star this property tabling member printed
Layla Moran more like this
star this property uin 7673 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-08more like thismore than 2017-09-08
star this property answer text <p>The Government has invited the Financial Reporting Council (FRC) to consult on proposals to require companies subject to the Corporate Governance Code to adopt, on a comply or explain basis, one of three employee representation mechanisms, including the appointment of an employee director.</p><p>The Government has also invited the FRC to consult on new measures through the Code to require remuneration committees to engage with the wider workforce to explain the relationship between executive remuneration and wider employee pay and incentives.</p><p>It will be for individual companies to determine whether such engagement is best achieved through the appointment of any employee director to remuneration committee, or through other mechanisms such as employee advisory councils. Companies will be expected to set out the mechanism adopted.</p> more like this
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 7674 more like this
star this property question first answered
less than 2017-09-08T14:26:04.477Zmore like thismore than 2017-09-08T14:26:04.477Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4656
unstar this property label Biography information for Layla Moran more like this
757001
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Companies: Pay more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make it his policy to require staff representation on company remuneration committees. more like this
star this property tabling member constituency Oxford West and Abingdon more like this
star this property tabling member printed
Layla Moran more like this
star this property uin 7674 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-08more like thismore than 2017-09-08
star this property answer text <p>The Government has invited the Financial Reporting Council (FRC) to consult on proposals to require companies subject to the Corporate Governance Code to adopt, on a comply or explain basis, one of three employee representation mechanisms, including the appointment of an employee director.</p><p>The Government has also invited the FRC to consult on new measures through the Code to require remuneration committees to engage with the wider workforce to explain the relationship between executive remuneration and wider employee pay and incentives.</p><p>It will be for individual companies to determine whether such engagement is best achieved through the appointment of any employee director to remuneration committee, or through other mechanisms such as employee advisory councils. Companies will be expected to set out the mechanism adopted.</p> more like this
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN 7673 more like this
star this property question first answered
less than 2017-09-08T14:26:04.527Zmore like thismore than 2017-09-08T14:26:04.527Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4656
unstar this property label Biography information for Layla Moran more like this
756825
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Stafford more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent steps his Department has taken to support businesses in Stafford constituency. more like this
star this property tabling member constituency Stafford more like this
star this property tabling member printed
Jeremy Lefroy more like this
star this property uin 7575 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-07more like thismore than 2017-09-07
star this property answer text <p>We are working hard to support businesses and entrepreneurs across the UK to ensure they can access finance and wider support to grow and the right conditions are in place for companies to invest for the long-term.</p><p>Small businesses in Stoke and Staffordshire can access support through GOV.UK and the Business Support Helpline. The Stoke-on-Trent and Staffordshire Growth Hub also acts as the first port of call for local businesses seeking advice or support. Since its launch in May 2014, the Stoke and Staffordshire Growth Hub has engaged and supported 4340 businesses and it has helped 385 individuals to start up a new business.</p><p>Since November 2014, British Business Bank programmes have facilitated over £4.3m* to 87 businesses in the constituency of Stafford. This includes 54 Start-up Loans at a value of £415,957.</p><p>Stafford constituency is also part of the Midlands Engine. A key part of the Government’s strategy for fuelling growth in the region is the £250m Midlands Engine Investment Fund (MEIF), which is a result of close collaboration between the British Business Bank, the Department for Business, Energy and Industrial Strategy, the Department for Communities and Local Government and 10 Midlands Local Enterprise Partnerships (LEPs). It aims to transform the finance landscape for smaller businesses in the Midlands, accelerate economic growth and promote job creation. The Fund launched its first wave, £120m of Debt and Small Business funds, at the end of August.</p><p> </p><p><em>*This does not include ENABLE funding data as this is not available at a constituency level.</em></p>
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN
7578 more like this
7579 more like this
star this property question first answered
less than 2017-09-07T15:37:28.61Zmore like thismore than 2017-09-07T15:37:28.61Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4109
unstar this property label Biography information for Jeremy Lefroy more like this
756826
star this property registered interest false more like this
star this property date remove maximum value filtermore like thismore than 2017-09-04
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Business: Stafford more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department has taken to increase the level of access to credit for businesses in Stafford constituency in the last 12 months. more like this
star this property tabling member constituency Stafford more like this
star this property tabling member printed
Jeremy Lefroy more like this
star this property uin 7578 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2017-09-07more like thismore than 2017-09-07
star this property answer text <p>We are working hard to support businesses and entrepreneurs across the UK to ensure they can access finance and wider support to grow and the right conditions are in place for companies to invest for the long-term.</p><p>Small businesses in Stoke and Staffordshire can access support through GOV.UK and the Business Support Helpline. The Stoke-on-Trent and Staffordshire Growth Hub also acts as the first port of call for local businesses seeking advice or support. Since its launch in May 2014, the Stoke and Staffordshire Growth Hub has engaged and supported 4340 businesses and it has helped 385 individuals to start up a new business.</p><p>Since November 2014, British Business Bank programmes have facilitated over £4.3m* to 87 businesses in the constituency of Stafford. This includes 54 Start-up Loans at a value of £415,957.</p><p>Stafford constituency is also part of the Midlands Engine. A key part of the Government’s strategy for fuelling growth in the region is the £250m Midlands Engine Investment Fund (MEIF), which is a result of close collaboration between the British Business Bank, the Department for Business, Energy and Industrial Strategy, the Department for Communities and Local Government and 10 Midlands Local Enterprise Partnerships (LEPs). It aims to transform the finance landscape for smaller businesses in the Midlands, accelerate economic growth and promote job creation. The Fund launched its first wave, £120m of Debt and Small Business funds, at the end of August.</p><p> </p><p><em>*This does not include ENABLE funding data as this is not available at a constituency level.</em></p>
star this property answering member constituency Stourbridge more like this
star this property answering member printed Margot James remove filter
star this property grouped question UIN
7575 more like this
7579 more like this
star this property question first answered
less than 2017-09-07T15:37:28.673Zmore like thismore than 2017-09-07T15:37:28.673Z
star this property answering member
4115
unstar this property label Biography information for Margot James more like this
unstar this property tabling member
4109
unstar this property label Biography information for Jeremy Lefroy more like this