Having barely had time to digest the economic impact of higher tax rates, lower interest rates and the potential effects of the US election, UK companies continue to face the seemingly unstoppable wave of UK corporate governance. Remuneration Governance The QCA Corporate Governance Code, revised in November 2023 came into effect for accounting periods starting…

November 19, 2024 Read more >

You may have formed the view from recent headlines that AIM is in its final death throes. Speculation about possible Budget tax changes is unhelpful and, to cap it all, LSEG data shows that whilst the FTSE All Share has risen 21% over the last three years, the AIM index has fallen by 40%! That…

October 22, 2024 Read more >

The recent stories around the pay of special advisor Sue Gray (now former Chief of Staff for the Labour party) were partly characterised by a number of commentators expressing apparent shock that someone within an enterprise was paid more than the leader of that enterprise. The implication was that there was a natural “rule of…

October 22, 2024 Read more >

With the October budget fast approaching and the pre-election Labour Manifesto being silent on the future of Capital Gains Tax (“CGT”), there is speculation that if not the rules, then at least the rates of CGT will change – with commentators unanimous in their predictions that rates will increase. At first glance a rate increase…

September 24, 2024 Read more >

MM&K are pleased to collaborate and be affiliated with Hugessen Consulting Inc (“Hugessen”).  Hugessen is Canada’s leading executive compensation and board effectiveness advisory firm dedicated to supporting Boards, their Compensation Committees and senior Management teams. It was founded in 2006 to respond to rapidly growing demand from Boards for direct access to objective and independent…

September 20, 2024 Read more >

MM&K has built its practice over 50 years on the principle that executive remuneration is the most powerful tool available to a board to focus executive management on where the business is going and rewarding them for their success in getting it there.  Consistent with that principle, the primary focus of our advice and support…

September 18, 2024 Read more >

On 30 July 2024, HMRC published its Employment Related Securities Bulletin 56 (July 2024), aimed at employees, describing the ways to report and pay tax on dividends and capital gains tax. This bulletin can be accessed from Employment related securities bulletin 56 July-2024.  Dividends In respect of receipt of dividends: dividends received over £10,000 in…

September 18, 2024 Read more >

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 >

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 >

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 >

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 >

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 >