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24 January 2012
Responding to the statement on executive pay by the Secretary of State for Business, Innovation and Skills, Liz Murrall, Director of Corporate Governance and Reporting at the IMA (Investment Management Association), commented:
“IMA welcomes the Government's announcement on taking measures to strengthen accountability and address concerns in relation to excesses in executive directors' remuneration. We recognise that reforms are needed, particularly to improve transparency and address the lack of a clear link between pay and performance.
“We will look carefully at the detail of the Government's proposed package of reforms and will work with Government and the industry both on the detail of the reforms and to promote best practice.”