The disclosure of UK boardroom pay: the March 2001 DTI proposals

In March 2001 the government announced that new disclosure rules relating t o UK boardroom pay would be introduced. This paper critically evaluates the se proposals. The new proposals emerged from the government's Directors Rem uneration consultative document issued in July 1999. The current paper make s the following contributions to the governance literature. First, the new disclosure proposals are reviewed. I suggest that they are incomplete both in their detail and scope. I also suggest that the government has conceded that more US style executive compensation disclosure is required. Second, I describe US executive compensation disclosure practices. If convergence in disclosure practice is potentially desirable then a more systematic compar ison and analysis of current disclosure policies in the two economies is wa rranted.