Discuss this quote. Analyse the effectiveness of the law and governance principles relating to the shareholders say on pay

 

‘The rules relating to the shareholders “say on” pay found in the Companies Act 2006 are needlessly complex and has proven to be an ineffective mechanism to combat excessive executive director pay’

Discuss this quote. Analyse the effectiveness of the law and governance principles relating to the shareholders say on pay.

Note: The number of sources stated is just a rough estimate the writer is free to use as many sources as they see fit.