This year, MM&K celebrates 50 years in business as an independent firm specialising in executive remuneration, performance and remuneration governance. In that time, we have seen 13 Prime Ministers come or go and endured at least one recession every decade. We have also witnessed and continue to witness, significant changes in executive remuneration, owing to…

August 22, 2024 Read more >

Carried interest, often referred to as “carry,” is a critical component of compensation in the private equity (PE) industry. It aligns the interests of fund managers with those of the investors, incentivising the creation of value. Carried interest represents the share of profits that PE managers receive as compensation for successfully managing and exiting investments.…

August 9, 2024 Read more >

MM&K in conjunction with the GECN has published its 2024 report on how the world’s largest firms have used ESG (environmental, social, governance) metrics in their executive incentive plans. Impressive global progress continued in 2023 with FTSE100 firms maintaining their performance across many dimensions. Download your free copy here For context, ‘prevalence’ refers to the…

August 9, 2024 Read more >

Last month MM&K launched its 29th annual Private Equity & Venture Capital Compensation Survey of the European Private Equity and Venture Capital Industry. The survey covers both short-term and long-term aspects of pay and incentive practice in the private equity, venture capital and infrastructure fund management space, including in the fund-of-funds and secondaries space. Short-term…

June 12, 2024 Read more >

The continuing cost-of-living-crisis saw its apogee when we collected data for our new exclusive survey of Chairs and NEDs – Life in The Boardroom 2023/24. With the ONS reporting a 7.9% inflation rate in 2022, only mildly declining to 6.8% in 2023, such rates have not been seen for thirty years. We found that salary…

June 6, 2024 Read more >

Private equity firms operate within a dynamic and fiercely competitive landscape where strategic compensation structures play a pivotal role in attracting and retaining top-tier talent. These structures not only diverge significantly from traditional corporate setups but are meticulously crafted to align the interests of executives, partners and employees with the firm’s profitability and the performance…

June 5, 2024 Read more >

Three recent news items add spice to the ever-present debate about executive pay. In no particular order, Bloomberg notes that UK bankers’ pay is closing in on US-style packages, the US Federal Trade Commission has announced that employee non-compete clauses are to be banned in the US from August and the FT has reported that…

April 25, 2024 Read more >

The question of the future of executive remuneration is often raised around the time of a general election, with both executives and their employers keen to understand what the future might hold. MM&K’s Partner, Stuart James shared his insights at the 2024 Employee Share Ownership Centre’s Share Plans Symposium on Thursday, April 25. Stuart joined…

April 25, 2024 Read more >

MM&K has concluded its Private Equity & Venture Capital Pulse Survey on what has happened to pay levels (including bonus payments) so far this year, in particular for the investment professionals, in the private equity and venture capital fund management industries in the UK, which sets the scene for remuneration trends in 2024. This year…

April 25, 2024 Read more >

Data for our new exclusive survey of Chairs and NEDs – Life in The Boardroom 2023/24 – were collected at the apex of the on-going cost-of-living-crisis. Non-profit-organisations (NFPs) are not shielded from the economy and perhaps feel the squeeze even more than their counterparts in the private sector. This article explores the experience of board…

April 25, 2024 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 23, 2024 Read more >

2024 will be another significant year for UK corporate governance reform. Last year’s consultation on the UK corporate Governance Code raised a number of issues. In the end, government intervention (or failure to act) resulted in the FRC’s watered-down revision, which, at least, took account of concerns voiced by issuers. This year is likely to…

March 26, 2024 Read more >