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This petition was submitted during the 2010-2015 parliament

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Petition Give shareholders rights to decrease executive pay on any vote to increase executive pay

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If a company wishes to propose a pay increase for the any of the Board members (to their shareholders) they must be mandated to also offer the decision, to instead reduce the Board’s pay by an amount equal to the proposed increase.

So for example if company X proposes that the Board's pay should be increased 7%. Currently as a shareholder you can vote

yes - agree and a pay rise of 7%
no - and no change in pay

I propose there should be a third choice manadated by law.

yes - agree with a pay rise of 7%
no - disagree with no change in pay
no - disagree with a pay reduction of 7%

This petition is closed This petition ran for 12 months

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