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 newsletterPodcast – MM&K speaks at Women on Boards networking event
MM&K Managing Partner and CEO, Paul Norris was honoured to have been invited to speak at a networking event for members of Women on Boards. WoB CEO, Fiona Hathorn interviewed Paul about some of the key findings from Life in the Boardroom, MM&K’s 2021/22 survey of chairs and NEDs.
Broad-based Share Plans – are they still fit-for-purpose?
On the 12th July, the ESOP Centre hosted a members' webclave titled “Are Broad-Based Share Plans Still Fit For Purpose?”. The number of potential improvements to the SAYE scheme were discussed to simplify it and enhance its effectiveness.
Life in the Boardroom – are Non-executive directors’ additional fees safe from inflation?
With spiralling inflation, we looked at the past 10+ years of Life in the Boardroom surveys to see how inflation-proof NEDs’ additional fees are.
How an obsession with job titles may be causing a toxic company culture, and how can this be resolved?
As remuneration experts, MM&K consult on all areas of pay and incentives for the companies we advise. Part of our service may also require an element of ‘Job Matching’ which is the process of evaluating a job role based on its responsibilities and capabilities and then identifying which level it sits at within a company’s structure.
Government proposals to review NED pay have caused shareholder unrest. A proportionate approach holds the key.
Investors are concerned that Government’s intention to review share awards for NEDs will compromise their independence. It’s not an easy circle to square but a proportionate approach to governance in this area holds the key.
To advance or not to advance – that is the question. We look at what employers might do given the current pressures on employee…
Current inflationary rises are seemingly outstripping pay rises, but, with economists warning of a potential recession, many employers are nervous of increasing their cost base. We consider some practical steps that employers might take.
SMEs get a reprieve from new audit and governance reform
The Government’s responses to proposals for audit and corporate governance reform, published on 31 May, significantly dilute many of the initial proposals and are likely to provide some welcome relief to the boards of smaller listed and AIM companies battling to cope with regulation and corporate governance compliance.
Life in the Boardroom 2021-2022 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 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 2021-2022 Life in the Boardroom Report >
Private Equity & Venture Capital Compensation Survey
MM&K has launched its 27th 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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