Theresa May's Corporate Governance reforms: what is going to change in UK?

According to Francesco Surace from Morrow Sodali, incoming prime minister Theresa May’s announcement to reform corporate governance procedures would be a positive step if they lead to more accountability and better transparency. While companies currently only conduct binding votes on their overall remuneration policies every three years, the proposed measures include the introduction of annual binding votes on both the pay policy and packages of company directors.