The UK's Department of Trade and Industry (DTI) wants its model for the disclosure of UK directors' remuneration to improve on the US template as it opens a three month consultation on draft legislation.

The DTI's consultation covers the regulations governing a shareholder vote on directors' remuneration. It gives details of the information it thinks quoted companies should give their shareholders before annual general meetings (AGMs) and stresses the need for &quota sharper edge than the US Securities and Exchange Commission (SEC) requirements&quot.