Investment Association register of AGM votes 2018 On 30 August the Investment Association published its analysis of voting in the 2018 AGM season. Company resolutions are added to the register if they fail to achieve an 80% vote in favour. The picture is rather confused. For all listed companies the number of resolutions not achieving…

August 30, 2018 Read more >

Pay Ratios Disclosure Regulations Which companies do the pay ratio requirements apply to? Quoted companies (not AIM companies) with >250 UK employees (average no. over the financial year). This includes all UK employees who have a contract of service with the company, regardless of hours worked, although it is the FTE pay figure that is…

August 29, 2018 Read more >

The Companies (Miscellaneous Reporting) Regulations 2018 On 11 June the Government put before Parliament a substantial and important statutory instrument, “The Companies (Miscellaneous Reporting) Regulations 2018” (2018  Regulations) which gives effect to a wide range of corporate governance reporting improvements that BEIS has been working on ever since its Corporate Governance Green Paper of 29…

July 16, 2018 Read more >

Changes to the UK Corporate Governance Code The Impact of the FRC’s proposed changes to the UK Code was the theme for the recent Remuneration Dinner held by MM&K – the latest in its series of dinners for CEOs and Non-Executive Directors.  To read an overview of the evening click here. The final Code was…

July 16, 2018 Read more >

Recent changes to the QCA Corporate Governance Code The Quoted Companies Alliance (QCA), has also been revising its Code and made radical changes (the number of Principles has been reduced from 12 to 10). The Code was issued on 25 April. It is considered to be more flexible than the UK Code and more suitable for…

July 16, 2018 Read more >

Reporting the pay difference between Chief Executive and staff It was announced today by the Department of Business, Energy and Industrial Strategy (BEIS) that legislation would be laid before Parliament which states that larger UK Listed companies (with more than 250 employees) be required to publish annually the pay difference between the Chief Executive and…

June 11, 2018 Read more >

Malus and LTIP awards The UK Corporate Governance Code states that long-term incentive plans (LTIPs) must include provisions to enable the company to withhold payments to participants in specified circumstances. It is now common for LTIP Rules to allow the Remuneration Committee to apply these ‘malus’ provisions and also to ‘claw back’ the benefit of…

June 5, 2018 Read more >

The Evolution of the Remuneration Committee: proposed changes to the UK Corporate Governance Code and recent changes to the QCA Corporate Governance Code The Impact of the FRC’s proposed changes to the UK Code was the theme for the recent Remuneration Dinner held by MM&K – the latest in its series of dinners for CEOs…

May 1, 2018 Read more >

UK Corporate Governance Code – FRC proposed changes MM&K’s response to the consultation on the changes to the UK Corporate Governance Code proposed by the Financial Reporting Council.  Click here for our submission.

February 28, 2018 Read more >

The December 2017 edition of Board Walk is now available. In this issue we reflect on the Government’s stated intentions for corporate governance and director’s pay, and considers how things may evolve for UK companies. Download it here..

December 15, 2017 Read more >

Please click here for the invitation, which includes further details of the programme. Please do feel free to pass this invitation on to colleagues or contacts who may find it useful.  If you would like to attend, please contact: tracy.smith@mm-k.com.

May 19, 2017 Read more >

MM&K regularly hosts dinners for Chairmen, Remuneration Committee Chairs and Chief Executives.  The question for discussion at the March dinner was: Corporate Governance Reform – has intervention by Government and other “interested parties” taken a step too far?  Please click here for a record of the discussion.

March 6, 2017 Read more >