Freshfields’ Simon Evans and Alice Greenwell examine whether the Government’s pay proposals will drive change

Even those who are not keen students of executive pay will know there are regular calls for change to the current system – particularly following economic downturns. In the past little has changed, but this time it looks different – the Government is publicly committed to achieving change. Although we will not know the exact shape of the proposed measures until the spring, we can speculate about which of the proposals currently being debated might be adopted, and what they might mean for listed companies and banks.