When the dictionaries are updated for the words and phrases of 2021, it is a sure bet that “hybrid working” will be on the list.  But what does this phrase really mean? At its heart, it is an acknowledgment that how we think about people working has to be confronted. Yet, what is equally obvious…

December 7, 2021 Read more >

UK companies with a premium listing are bound by the UK Corporate Governance Code (UKCGC). According to the UKCGC the “remuneration for all non-executive directors should not include share options or other performance-related elements.” This explains why NEDs in the FTSE 100 do not participate in options or LTIPS and, probably, why only a small…

November 4, 2021 Read more >

The FCA’s consultation period has just closed for comments on their proposals around “Diversity and inclusion on company boards and executive committees”. Once the FCA has taken on board any comments, the intention is that these updated rules will apply to all main listed companies from January 2022 (so that reporting will start from 2023).…

November 4, 2021 Read more >

MM&K collected responses from Chairs and NEDs who hold a total of 885 board positions, surveying them on their fees, their use of time, and their opinions and experiences on topics such as board governance, board effectiveness, and more. Life in the Boardroom collects responses directly from NEDs, not from published reports. This includes the…

October 6, 2021 Read more >

In July, the Financial Conduct Authority (FCA) published its policy statement PS21/09 in relation to the implementation of the new Investment Firms Prudential Regime (IFPR) which becomes effective from 1 January 2022. PS21/09 is the second in the series of policy statements that summarises the feedback that the FCA has received in respect of their…

September 8, 2021 Read more >

On Thursday 24th June, Paul Norris, CEO of MM&K, participated in a webinar – “An international perspective on D&I from the GECN Group”.  The webinar asked (and answered) the question, “what should the Compensation Committee’s role be in creating a diverse and inclusive culture?” The GECN (Global Governance and Executive Compensation Group), of which MM&K…

July 15, 2021 Read more >

The Financial Conduct Authority (FCA) is in the process of introducing the new Investment Fund Prudential Regime (IFPR), a single streamlined and simplified prudential regime for FCA authorised MiFID investment firms from 1 January 2022. The IFPR will be greatly aligned with the EU Investment Firms Regulations ((EU) 2019/2033) and the Investment Firms Directive ((EU)…

July 5, 2021 Read more >

The UK Corporate Governance Code (“the Code”) was updated in 2018, but as with all reforms of this nature, the effects could not be measured until a full cycle of disclosure had occurred.  In the last couple of weeks, the FRC have published a report (“the Report”) providing a review of how these changes have…

June 1, 2021 Read more >

We all recognise and are used to the raft of comment, regulatory guidance and best practice principles which surround ESG. It’s hard to deny the importance of the need to take care of the environment, be mindful of the effects of business activity on society and to operate as businesses within a sound governance framework.…

April 28, 2021 Read more >

On 18 March, the Government launched a consultation on a series of wide-ranging reforms to modernise the country’s audit and corporate governance regime.  It is a beast of a document – some 230 pages in length.  And every individual involved in governance within an organisation, whether large or small, should take a look at it. …

March 30, 2021 Read more >

In April 2020, the Investment Association (IA) published their guidance on shareholders expectations during the COVID-19 pandemic in relation to executive remuneration in UK listed companies. This guidance was updated in November 2020. In view of the impact that the on-going COVID-19 pandemic restrictions and the lockdown is having on certain listed company’s remuneration committee’s…

March 28, 2021 Read more >

Following last month’s article about gender diversity, this month, MM&K will dive into a different area of diversity: age. Diversity is an increasingly important matter for companies of all kinds- but it is not just limited to race and gender.  In fact, age diversity may play a significant role with regard to managing key social…

February 25, 2021 Read more >