What We Do
We are a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies.
Our Expertise
Our areas of expertise include executive compensation, employee share plans, corporate governance, business management, valuation and statistics.
We have specific sector experience as follows:
- Alternative investment firms (family offices, venture capital, private equity, infrastructure funds)
- Portfolio companies
- Oil & gas
- Renewable energy
- Family businesses quoted or private companies undergoing change, e.g. IPO, acquisition, strategy change
Our Services
We provide the following core services: Executive Remuneration, Private Equity Remuneration, Pay Surveys, and Share Plans. Our multi-disciplinary approach to remuneration is always tailored to individual client requirements.
Latest News
Sign-up to our newsletterMM&K sponsor the PEI CFO & COO Conference in London on 16th-17th November.
MM&K’s Nigel Mills and Stuart James both spoke at the recently held CFOs and COOs Conference organised by PEI Media. An interesting theme, much talked about at the conference, was diversity and inclusion in private equity and other alternative fund management firms.
The Investment Association’s updated Principles of Remuneration for 2022 AGM season place more pressure on remuneration committees.
The Investment Association recently published updated Principles of Remuneration for the 2022 AGM season, which will increase the load on remuneration committees and contain some interesting and, in our view, questionable, views, particularly about value creation plans.
Is retention solely the employer’s responsibility? – the importance of retention in these highly volatile times.
A recent survey finds that 80% of organisations globally are having a hard time finding and keeping their employees; an effective retention policy could help eliminate the negative financial effect of employee turnover. To create a fit-for-purpose retention policy, employers must engage with employees and take into account their different needs to ensure success.
The impact of a surging inflation rate on expected salary increases.
October saw UK inflation surge to 4.2%. Where does this leave employees and how is it likely to affect the value of salaries in real terms?
“Hybrid working” – what are people doing and what’s right for you?
“Hybrid working” is a hot topic as we approach 2022 – but are you thinking about it in the best way for your business?
Most FTSE100 CEOs are paid above their target bonuses: so is there an incentive to perform?
The High Pay Centre published its results of an analysis of CEO pay in bonuses and LTIPs in FTSE 100 companies over ten years since 2009. The typical target award is 50% of the maximum, so why are so many CEOs getting far above this, and many their maximum opportunity?
Life in the Boardroom 2021 MM&K’s exclusive survey of Board Chairs and NEDs
For 26 years MM&K has conducted this valued survey which provides participants with a comprehensive report containing insights on board practices, time commitments, pay and other board issues. It is unique as data is collected directly from Directors themselves, rather than from company staff or annual reports. This provides a more accurate picture from the people who experience it first-hand.
Find out more about MM&K’s 2021 Life in the Boardroom Survey >
Private Equity & Venture Capital Compensation Survey
MM&K has launched its 26th annual Compensation Survey for the European Private Equity and Venture Capital Industry. This survey provides participating firms with market leading, detailed information on both the quantum and structure of pay in the European PE, VC, Infrastructure and Real Estate fund management industries. In the survey we collect data on base salaries, benefits, annual bonuses and carried interest plan participation, plus details on a large number of other people and reward issues.
London Stock Exchange
MM&K are proud members of London Stock Exchange Issuer Services. Tom Hinton, Head of Issuer Services, and MM&K’s CEO, Paul Norris discuss trends in directors’ remuneration and how they have evolved over recent months. Paul discusses recent developments on ESG and the challenges some of our clients are facing, along with the impact of increased regulation and the effect on executive roles along with how the role of NEDs is evolving.
News & Publications
We publish monthly newsletters on Remuneration and Share Plan related matters. If you would like to receive copies of our news & publications please sign up.
Meet The Team
MM&K’s team is multi-disciplinary, bringing together consulting, advisory, legal, accounting, analytical and modelling skills. View the full team page to find out more.
Contact Us
If you would like to get in touch and find out more about MM&K, their services and the team please click the link below.
“Congratulations on a thorough and insightful survey. It fills in something of a gap in coverage of the numerous publications from the large firms in the remuneration consulting space.”
– Alan Giles, Chairman, Remuneration Consultants Group
“We contacted MM&K to set up an EMI Scheme for our employees. MM&K supported us every step of the way and explained all of the options that were available to us. They are clearly experts at what they do and they navigated us through the whole process from beginning to end. JD has been a huge support in re-writing documents that were needed and in helping us with communications to the rest of our business. We are very grateful to him and his team for the extra work and time they put into getting this project completed for us. ”
– London-based recruitment consultancy, September 2021
“I was recommended to MM&K by an old colleague as the leading remuneration advisers in London with a detailed understanding of and experience with the design of remuneration structures in the alternative investment management arena.
I needed help with the introduction and detailed design of a carried interest plan for my team of investment professionals in a mid-market private equity fund management house that my business is heavily invested in. I certainly found them very knowledgeable, impressively responsive and tremendously helpful in guiding me through the various different structures and mechanisms that are typically used in carried interest plan arrangements.”
– CEO of UK based Family Office, January 2020
“When we needed to review our remuneration arrangements, we spoke with a number of potential advisers but MMK stood out with their detailed understanding of and experience with the design of remuneration policies in private equity fund management businesses.
As a premium listed company on the London Stock Exchange, we needed comprehensive advice from a firm that understood both the corporate governance requirements for a fully listed company as well as the design of remuneration structures and policies in PE fund management businesses. We needed advice on salary levels, bonus plan metrics and LTIP design.
We found that MM&K had a detailed knowledge of the PE industry and its remuneration structures. They also understood the requirements that we needed to comply with as a fully listed company. They were diligent in their market research and advice and efficient in steering us through this important journey including helping support our shareholder consultations. We have ended up with accomplished remuneration arrangements that were approved by our shareholders.”
– Graham Stedman, Remuneration Committee Chair of LMS Capital plc
“MM&K are that rare breed, people who actually take the time to understand the business and give executive remuneration advice which is practical, commercial and eminently sensible from the start.”
– Simon Bennett, Founding Partner, Incremental Capital LLP
Life in the Boardroom
MM&K has conducted this Chairman and Non-Executive Director Survey (Life in the Boardroom) for 31 years. It is unique as data is collected directly from Directors themselves, rather than from company staff or annual reports. This provides a more accurate picture of board practices and pay.
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