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
Restoring trust in audit and corporate governance – consultation on the Government’s proposals
The recent Government consultation on a series of wide-ranging reforms to modernise the country’s audit and corporate governance regime will be of interest to all clients. There are some relatively minor impacts on executive pay that are worthy of note contained with the 230 page document.
The UK PE Industry heaves a sigh of relief after hearing the Chancellor’s Budget Speech
The favourable tax treatment of carried interest in the UK looks set to continue for the foreseeable future. But watch this space if Biden’s Democrats get their way in the United States and carried interest there becomes chargeable to income tax.
Debt restructuring and Executive pay – study of companies successfully emerged from Chapter 11
Do companies that have been through a Chapter 11 debt restructuring, pay their executives at a significantly higher level when the restructuring is over?
In anticipation of a revival in AIM IPOs, it’s important to get remuneration policy right from the start
An IPO is an opportunity to reward the past and to create the right conditions to make the most of and reward the future. If remuneration is not given attention until after the event, that opportunity might be lost on both counts.
February Addendum to the Investment Association’s guidelines on executive compensation during the Covid pandemic
The Investment Association’s new guidance on the setting of LTIP performance metrics in the light of the Covid pandemic, as set out in this addendum, seems rather unreasonable.
The new Government tax review – what is being reviewed and, more importantly, what is not?
HM Treasury’s new approach to tax policy has thrown up both an interesting area for review and, more intriguingly, an area which looks to be off the agenda for at least the next 12 months.
2021 and Beyond: Global Executive Incentive Trends
For the past few years, MM&K (as a part of the GECN Group) has conducted research on global trends in corporate governance. The 2020 research focused on how companies have integrated ESG into the performance measures linked to their executive incentive plans. Download your free report which analyses the extent to which non-financial objectives are making their way into executive incentives.
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.