Clive Lewis MP, Shadow Business Secretary, responding to new government proposals on corporate governance said:

“The problems of spiralling executive pay and poor corporate governance have escalated over the last six years while the Government sat idle. The Prime Minister already rowed back on her flagship policy of putting workers on boards. Sadly, this Green Paper looks like offering tokenism rather than a much-needed call to action.

"The real test has to be whether these proposals would have saved jobs and pensions at BHS or prevented the gross mistreatment of staff at Sports Direct, and whether they’ll tackle the scourge of low pay and escalated executive pay.  Anything that falls short of doing that is just not good enough.”