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 >

MM&K’s Life in the Boardroom report is based on a unique survey sent out to Non-Executive Directors themselves in order to gather insights into their individual thoughts on boardroom policies and practice. Our survey represents the views of Non-Executive Directors working in a variety of industries and settings, including Financial Services, Technology, Energy, Media and…

June 3, 2021 Read more >

In March this year HM Treasury issued a Call for Evidence on the effectiveness of Enterprise Management Incentives (EMIs) in fulfilling the Government’s policy objectives of helping Small and Medium Enterprises (SMEs) recruit and retain employees. The Government’s objective for this call for evidence was to gather more evidence to understand whether the EMI scheme…

June 2, 2021 Read more >

The 2021 – 2022 MM&K / GECN Group research is focused on the role of ESG factors in global executive remuneration and is a continuation to the “2021 and Beyond: Global Executive Incentive Trends The Shift to Non-Financial Measures” Report. The 2021 and Beyond Report identified  global trends on the inclusion of ESG factors in…

June 2, 2021 Read more >

The 2021 AGM season has been notable for a spate of high-profile challenges to executive remuneration policies. Proxy advisers and institutional shareholders have shown scant regard for status, size or, in some cases, performance. Astra Zeneca received no Government furlough cash, yet made bonus awards and proposed increases to LTI vesting multiples. Shareholders registered a…

June 2, 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 >

Earlier this year, the High Court in the matter of Euro Accessories Ltd [2021] EWHC 47 (Ch) held that a discount should be applied in determining the value of a minority shareholding that is subject to compulsory purchase at “fair value”. In this case, the petitioner held 24.99% of the issued share capital of the…

June 1, 2021 Read more >

This month MM&K launched its 26th annual Compensation Survey for the European Private Equity and Venture Capital Industry.  Our survey provides participating firms with market leading, detailed information on both the quantum and structure of pay in the European PE, VC, Infrastructure and Real Estate fund management industries.  In the survey we collect data on…

April 28, 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 >

We are preparing to build our 2021 Life in the Boardroom Survey.  This survey is unique, as it represents the views of individual non-executive directors. It is not based on information obtained from their colleagues or from annual reports.  To ensure this year’s survey reflects the experience and opinions of individual directors on of the…

April 28, 2021 Read more >

The recent sunny weather has, no doubt, helped foster a more “up-beat” attitude and as the various key road map markers start to be successfully passed, many businesses are starting to think about “what’s next?” in terms of their employees. Whether you are a business that has had to keep your premises open or an…

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 >