Strategic Remuneration, Governance & Incentive Plans
Private Equity & Alternative Investment Fund Managers’ Remuneration & Incentive Plans
Global executive remuneration and governance advice
A close alliance of six 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
2020 has been a roller-coaster for remuneration committees. Six thoughts to take into 2021.
This year has been a roller-coaster ride for many companies and their remuneration committees. We identify six thoughts to carry into 2021.
Office of Tax Simplification’s first report on capital gains tax – how does it affect share incentive arrangements?
The Office of Tax Simplification has recently published its first report on capital gains tax. It has made eleven recommendations which include equalisation of income tax and capital gains tax rates, abolishing many capital gains tax reliefs and suggesting gains made from growth share plans should be subject to income tax rather than capital gains tax.
ESG for SMEs – a new report from the QCA and Henley Business School
ESG should be a material consideration for all companies but it is at risk of becoming a compliance millstone for SMEs. Each company should take the initiative but help should be made available.
Update on recent trends regarding Restricted Share Schemes
We have seen a small number of bigger companies introduce restricted share schemes this year, in place of their traditional LTIPs. The IA’s stance seems likely to have put the brakes on the adoption of more restricted share schemes for now. However, we remain of the view that they still remain appropriate in some cases as part of a tailored remuneration policy.
2020 remuneration decisions – what needs to be done before the year-end?
Whether or not you are a December year-end business, the unprecedented year that 2020 has become means that we think all businesses need to a have a good look at their remuneration policies and practices before heading into the New Year.
The Holt – MM&K – Buyouts North American PE Compensation Survey 2020 – in comparison to the UK/Europe results
The Holt – MM&K – Buyouts North American PE Compensation Survey 2020 is now published and available for purchase. In this article we compare some of the highlights form the US to those in the UK/Europe.
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
“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 26 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.