The Quoted Companies Alliance (QCA) has published a new version of its Corporate Governance Code (QCA Code) on 13 November 2023. The revised QCA Code which will apply for financial years beginning on or after 1 April 2024 (with a grace period of 12 months). The QCA Code is followed by most AIM companies and…

January 24, 2024 Read more >

MM&K (the UK partner firm in the GECN group) has published its 2024 report on how the world’s largest firms have used ESG (environmental, social, governance) metrics in their 2023 executive incentive plans. Download your free copy here. After the major progress seen in the 2022 report, one may have wondered if ESG would run…

January 23, 2024 Read more >

Looking back over the year, our Newsletter has covered a wide range of topics related to remuneration, performance and governance. As far as governance is concerned, it has been a year of false starts, the closing position being somewhere behind the starting point. But progress has been made in other areas. At the start of…

December 14, 2023 Read more >

We are delighted to announce that MM&K has published the 2023-2024 Life in the Boardroom Report, which sets out our findings from the 2023 survey of UK board Chairs and Non-executive Directors (NEDs). The Report covers directors’ fees and time commitments, as well as their views on a range of topical board issues. Life in…

December 6, 2023 Read more >

The story so far …. 2023 was going to be the year of major reform to UK corporate governance and specifically, the UK Corporate Governance Code (Code). The Government promised legislation to pave the way for reforms to restore trust in company audits and their auditors, following the collapse of Carillion and Thomas Cook. The…

November 28, 2023 Read more >

Participants in the latest edition of Life in The Boardroom 2023/24 – our exclusive survey of Chairs and NEDs – say non-executives are being burdened with more and more responsibility. In this article we explore over a decade of Life in The Boardroom data to see how the data bears out their concerns. In this…

November 28, 2023 Read more >

In the ever-changing landscape of the modern workplace, an organisation’s most valuable asset is its people. The key to success lies in cultivating a harmonious working environment, addressing grievances swiftly and prioritising employee happiness and productivity. As organisations grapple with the complexities of diverse teams, managers and employees, it is essential to adopt strategies that…

November 21, 2023 Read more >

Despite recent pushes from some of the leaders of the world’s biggest corporations and institutions to “get people back into the office”, there still seems to be firm resistance to a complete return.  And this is not just a “generational” issue. Many senior individuals, who have had years of working in offices and know the…

November 20, 2023 Read more >

Bowing to pressure from the business lobby, on 16 October the UK Government announced it is shelving proposed legislation seen, hitherto, as a major plank in its plans for UK corporate governance reform. Apart from opening the door for critics to point to another government u-turn, this development is likely to affect, and may delay,…

October 18, 2023 Read more >

At MM&K we continue to see a number of pressure points that Boards are grappling with when seeking to execute against their business strategy: Institutional investors are demonstrating increased appetite for significant returns; Remuneration Committees are suddenly finding themselves dealing with ever-greater below-Board compensation issues; Executives are still pushing the envelope in terms of Total…

October 17, 2023 Read more >

In a recent case, Ponticelli Ltd v Gallagher [2023] CSIH 32, the Court of Sessions held that an employee’s right to participate in a SIP transferred to the new employer under Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) and the transferee employer must provide a scheme of substantial equivalence for the employee to…

October 17, 2023 Read more >

The introduction of fixed term parliaments means that we know there will be a General Election next year (with the signs that the current government will wait as long as possible to call the election, hoping for inflation to be back down towards the desired 2% levels). While one can never be sure that statements…

October 17, 2023 Read more >