Last month, we foreshadowed participation by MM&K Director and Senior Partner, Paul Norris on the panel of a webinar produced by the London Stock Exchange Group (LSEG) on Aligning People, Pay and Planet – Executive Compensation and Sustainable Value Creation. We were delighted to have been invited to participate in this prestigious event. The webinar…

March 21, 2023 Read more >

MM&K (the UK partner firm in the GECN group) has published its 2022/23 research on how the world’s largest firms use ESG (environmental, social, governance) metrics in their executive incentive plans. Download your free copy here. ESG metrics have historically been more prevalent in short-term incentives (STI), since financial or market-based measures – e.g., eps…

March 21, 2023 Read more >

Succession planning is a critical function of boards. It ensures that they have the right people in place to lead the company strategy and objectives into the future. It is an essential function of good corporate governance, ensuring that the boards have the right mix of skills, experience, and diversity to effectively direct the company…

March 17, 2023 Read more >

In the Spring budget 2023, the following reform to the CSOP rules and changes to the EMI rules, effective from 6 April 2023, have been announced: Reform of CSOP The CSOP rules will be reformed, as previously announced by the government on 23 September 2022, in the following manner: paragraph 6(1) of the CSOP legislation…

March 16, 2023 Read more >

It is now almost time for MM&K to launch its Chair and Non-Executive Directors Survey – “Life in the Boardroom”. This is a “Must Have” publication for all Non-Executives. This survey is unique as the data is collected from Non-Executive Directors themselves. This offers true insights into individual directors’ views about Board appointment practices and…

March 16, 2023 Read more >

MM&K has now released the 2022 edition of its Private Equity and Venture Capital report. In this article, we take a look at how salaries for Investment Roles have changed each year since 2019 and how this compares with inflation. The graph below shows the average change in base salary across all Investment Professional roles…

March 15, 2023 Read more >

For many businesses, 2023 will be the year that their current LTIP performance periods will come to an end, for others this may be the point where the LTIP looks as though it is unlikely to deliver any return at all.  For those tasked with reviewing and establishing the value (in all senses) of such…

March 15, 2023 Read more >

MM&K (the UK partner firm in the GECN group) has published its 2022/23 research on how the world’s largest firms use ESG (environmental, social, governance) metrics in their executive incentive plans. Download your free copy here. We studied how world’s top listed companies have used ESG goals to incentivise their executives. Typically, target pay-outs will…

February 24, 2023 Read more >

The Wates Corporate Governance Principles aimed at large private companies, provide a corporate governance framework and an opportunity for all private companies to develop their approach to corporate governance and best practice in the interests of the long-term success of the business. One of the six Wates principles is ‘Board composition’, which states that to…

February 24, 2023 Read more >

On 19th January 2023, HMRC published the Employment Related Securities Bulletin 47. The main contents of the Bulletin are: Changes to the ERS year-end return template Changes to the CSOP limit and share class restrictions Update of the ERS guidance Changes to the ERS year-end return template HMRC has announced that they will be making…

February 24, 2023 Read more >

For 31 years MM&K has conducted an exclusive Chair and Non-Executive Director Survey (Life in the Boardroom), which covers directors’ fees and time commitments, as well as their views on a range of current board issues, which are important to them. In the last issue of the report – Life in the Boardroom 2021/22, we…

February 24, 2023 Read more >

We received an interesting question recently. A large global firm was seeking advice on the pay relationship between a full-time (executive) Chair and a separate, full time CEO.  They believed that situation might be common in the UK (or more common than in some jurisdictions) and asked for our views. Whilst this situation is not…

February 24, 2023 Read more >