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, remuneration 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 has launched its 30th Annual Private Equity and Venture Capital Compensation Survey – Join the Industry Benchmark
Last month, MM&K launched its 30th annual Private Equity and Venture Capital Compensation Survey, the leading and highly respected benchmarking resource tailored specifically for the UK and European PE/VC market.…
Just Launched: Life in the Boardroom 2025/26 – A Comprehensive Survey of Non-Executive Directors and Board Chairs on Fees, Time Commitments and Emerging Boardroom…
MM&K has officially launched the 2025/26 edition of Life in the Boardroom, a unique biennial survey that gathers insights directly from Non-Executive Directors (NEDs) and Board Chairs, rather than from…
The 2026 Stewardship Code is a welcome example of balanced proportionate regulation. Hopefully it will lead to more constructive engagement between issuers and investors.
After a consultation process, to which MM&K contributed as did many other interested parties, the FRC published the 2026 UK Stewardship Code on 3 June. In addition, the FRC has…
Further updates to potential UK taxation of Carried Interest – Co-investment and non-UK residents
On 5 June, the Government issued an update regarding its proposed reforms around Carried Interest. As a firm, we were pleased to see that the potential requirement around mandatory Co-investment…
Private Intermittent Securities and Capital Exchange System (PISCES) – a new trading platform for private companies to trade in shares
On 15 May 2025, the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025 was published which comes into force on 5 June…
We are about to launch the 2025/26 edition of Life in the Boardroom, our unique survey of NEDs and Board Chairs. Questionnaires will be…
We are preparing to launch the 2025/26 edition of Life in the Boardroom, our survey of NEDs, including Board Chairs. This survey has been running since 1990 and is unique…
Life in the Boardroom 2023-2024 MM&K’s exclusive survey of Board Chairs and NEDs
For 33 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.
Find out more about MM&K’s 2023-2024 Life in the Boardroom Report >
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.
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
“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
“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
“MM&K helped us design and implement a cash-settled executive long-term incentive scheme. The new scheme is clearly understood by the senior executive team and is proving motivational. All that we needed.”
– John Dodds, Remuneration Committee Chair, Newbury Racecourse plc
Life in the Boardroom
MM&K has conducted this Chairman and Non-Executive Director Survey (Life in the Boardroom) for 33 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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