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 insofar as we collect data direct from individual directors. Participants include directors of UK and overseas listed and private companies, private equity portfolio companies, public…

May 2, 2025 Read more >

MM&K is about to launch its 30th annual Private Equity & Venture Capital Compensation Survey of the European Private Equity and Venture Capital industry. The survey provides a comprehensive review of both short-term and long-term remuneration practices across the private equity, venture capital, and infrastructure fund management sectors, including the fund-of-funds and secondaries spaces. Short-term…

May 1, 2025 Read more >

On 31 January 2025, the House of Lords Select Committee on Home-Based Working was set up and their call for evidence recently closed (25 April 2025).  As has been seen in the news, the Committee have recently interviewed a number of executives of large corporations to understand their views. One of the interesting aspects was…

April 30, 2025 Read more >

An annual return needs to be submitted by all companies which have an active employee share plan registered with HMRC. This includes tax-advantaged share plans such as EMI, CSOP, SAYE and SIP as well as any non-tax advantaged plans or arrangements such as unapproved options, conditional share awards (or restricted stock units), growth share plans…

April 29, 2025 Read more >

Reports of AIM’s demise are premature. That said, for some time London’s junior market has not been fulfilling the purpose for which it had been designed, i.e. a nursery for high risk early-stage businesses with growth potential but which do not meet main market entry requirements, to access the growth capital they need – a…

April 2, 2025 Read more >

Along with the 2025 Spring Statement, HMRC has published a technical note on the tax implications for companies and employees when a company has shares traded on the Private Intermittent Securities and Capital Exchange System (PISCES). PISCES is a new type of secondary stock exchange that will facilitate intermittent trading of private company shares. It…

April 1, 2025 Read more >

Whilst some changes relating to employees have been well signposted for the tax year(s) ahead – such as the increase in Employers’ National Insurance Contributions to 15% from 6 April 2025, others have not. Having changes well signposted is important. For example, the increase of Employers NIC from 6 April means that companies could ensure…

March 28, 2025 Read more >

MM&K recently submitted responses to HM Treasury in respect of the most recent tranche of public consultation questions it had regarding proposed changes to Carried Interest. One of the core themes of these questions was around the connection between Carried interest and “Co-Investment” requirements – and how they might be linked going forwards. We submitted…

February 27, 2025 Read more >

MM&K has completed its 2025 Private Equity & Venture Capital Pulse Survey, providing an analysis of pay trends—including salary adjustments and bonus payments—across the UK’s private equity and venture capital fund management industries. The findings offer valuable insight into the evolving remuneration landscape, particularly for investment professionals, and set the stage for trends expected in…

February 25, 2025 Read more >

In 2000, a new entity was introduced in the form of Limited Liability Partnerships (LLPs). Significantly, unlike general partnerships, an LLP is a corporate body with an identity that is separate from its members but, generally speaking, transparent for tax purposes. Members of an LLP were presumed to be self-employed (like partners of general partnerships)…

February 24, 2025 Read more >

The FRC closed its consultation on the proposed new Stewardship Code on 19 February. MM&K responded as proposals focused on engagement with investors and the role of proxy advisers are matters that affect many of our clients. Here is a summary of our response to the questions posed by the FRC. 1.  Do you support…

February 19, 2025 Read more >

Changes made to the UK Corporate Governance Code (UKCGC) and the QCA Corporate Governance Code (QCA Code) kick-in this year. The new 2024 UKCGC applies to accounting periods starting on or after 1 January 2025 and the 2023 changes to the QCA Code, apply to accounting periods starting on or after 1 April 2024. Both…

January 29, 2025 Read more >