• Strategic Remuneration, Governance & Incentive Plans

    MM&K assists companies to design and implement remuneration strategies, which support their values, culture and business plans.

    About MM&K
  • Private Equity & Alternative Investment Fund Managers’ Remuneration & Incentive Plans

    MM&K advises the owners and managers of alternative investment management businesses on how best to structure their pay policies as well as the pay policies of their investee companies.

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  • 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.

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    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

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    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.

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  • MM&K’s Paul Norris interviewed by London Stock Exchange Marketplace Matters on directors’ pay

    MM&K’s Paul Norris was interviewed by Katya Gorbatiouk for London Stock Exchange Marketplace Matters on directors’ pay on current challenges for remuneration committees and the future evolution of director and executive pay.

    Watch the interview >

  • Possible reform to Employee Share Ownership coming in 2023?

    A cross party proposed Private Members’ Bill is looking to try and shake up employee ownership plans for 2023 and beyond.

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  • Corporate governance is important and beneficial for private companies, too

    Corporate governance doesn’t have to be an intimidating task. These six principles take away the complication.

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  • MM&K remuneration dinners re-start on the topical, if controversial, theme of share options for NEDs, sparking a lively discussion on this complex issue

    The Government’s proposed review of current rules for paying NEDs in shares or share options is timely. Increasingly, UK companies are competing in global markets. They need a regulatory environment that enables them to attract the NED talent needed to achieve their global ambitions.

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  • The MM&K-Holt 2022 North American PE and VC Compensation Report – now published and available for purchase

    Don’t miss the opportunity to acquire the full report of the 2022 MM&K-Holt North American Private Equity and Venture Capital Compensation Survey containing a tremendous array of data, statistics and analysis on compensation practices in the United States and Canada, with the data from 114 Private Equity, Venture Capital, Infrastructure and Real Estate investment firms.

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  • The MM&K 2022 European Private Equity and Venture Capital Compensation Report has now been published

    We are delighted to announce that we have published our latest MM&K PE/VC Compensation Report which sets out our findings from our 2022 survey of the UK and European private equity, venture capital, infrastructure and real estate fund management industries.

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  • GECN ESG Report 2023 : Sharp increase in environmental metrics reported across the globe

    MM&K and GECN’s 2023 research into ESG finds a sharp rise in the adoption of environmental metrics across the globe. Pre-book your free copy of our research here.

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  • 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 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.

    Find out more about MM&K’s 2023 PE/VC Compensation Survey >

    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.

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    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.

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    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.

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  • “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

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    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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