Strategic Remuneration, Governance & Incentive Plans
Private Equity & Alternative Investment Fund Managers’ Remuneration & Incentive Plans
Global executive remuneration and governance advice
A close alliance of seven independent advisory firms specialising in executive remuneration, performance and governance, the GECN Group pools its considerable resources to serve clients in more than 30 countries through offices in North America, Continental Europe, the United Kingdom, Asia, Australia and Africa.
What We Do
We are a leading independent consultancy specialising in the planning, design, and implementation of business-driven pay and reward strategies.
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
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 NewsSign-up to our newsletter
Where does UK corporate governance go from here?
2023 was going to be the year of major reform to UK corporate governance and specifically, the UK Corporate Governance Code, but things have not gone according to plan. What is the story so far and what is likely to happen next?
MM&K has published its 2023 European Private Equity and Venture Capital Compensation Report
We are delighted to announce that MM&K has recently published its latest MM&K PE/VC Compensation Report which sets out our findings from the 2023 survey of the UK and European private equity, venture capital, infrastructure and real estate fund management industries. A couple of new additions to this year’s report are a gender pay analysis as well investment team composition.
Life in The Boardroom 2023/24: Are Non-Executives’ Workloads Increasing?
With non-executives claiming they are working longer and harder, we explore the past decade of Life in The Boardroom data to see how their days worked, job demands, and fees have taken shape.
Wage stagnation, recessions and joblessness: are public-sector wages safe from inflation?
Despite inhabiting very different environments, the public-sector’s real wage growth lags the private-sector. Public-sector earnings are not protected, inflation affecting the low- and high-earning alike. The great recession hurt UK earnings in 2008, but what will happen for this crisis is not clear.
Six strategies for nurturing employee wellbeing in the modern workplace
Enhance your organisation with the latest strategies for promoting employee well-being in the modern workplace to ensure employee satisfaction, productivity and adaptability.
The challenge of “upskilling” teams in a future of hybrid working
Upskilling people in a hybrid workplace needs to be a key focus for businesses. This article provides some thought leadership around what the answers might be for 2024 and beyond.
Life in the Boardroom 2023-2024 MM&K’s exclusive survey of Board Chairs and NEDs
For over 30 years MM&K has conducted this valued survey which provides participants with a comprehensive 80+ page 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.
Private Equity & Venture Capital Compensation Survey
MM&K has launched its 28th 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.
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
“With a complex transaction ahead of us, as chairman of a new venture, I knew of MM&K by reputation and over months of twists and turns, their combination of commercial experience and insight, pragmatism and client focus were exceptional. A delight to work with. ”
– Rupert McNeil, start-up chairman, June 2023
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.