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 >

All at MM&K hope our clients, contacts, partners and other stakeholders enjoy a peaceful seasonal holiday break and we wish you a very happy New Year. We look forward to continuing our connections with all of you in 2025. A milestone passed 2024 has been a remarkable year. MM&K celebrated 50 years in business, a…

December 20, 2024 Read more >

SEMINAR ‘What’s the latest in the world of Private Equity, and how is it affecting PE Partners and Executives, Founders and Funds?’ February 11, 2025 18.00 – 19.15, followed by drinks (Registration from 17:30) Venue: Withers, 20 Old Bailey, LONDON, EC4M 7AN Details Join us for this exclusive IFSEA event tailored to Private Equity Partners, Executives, and…

December 20, 2024 Read more >

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 >