The recent summer solstice reminds us that the year is half way through and for those involved in managing people, this is likely to be the time for a half year or even full year review. However, even if it isn’t, now is still the time to have these conversations. Given all of the recent…

June 29, 2020 Read more >

Oil and gas on a knife-edge – remuneration might have to break the mould to retain talent throughout this current crisis The market price of oil balances the scales between success and failure for companies operating in the sector. Boards keep a close watch on the break-even price. The average break-even price in the US…

May 28, 2020 Read more >

Revisit NED remuneration policy to conserve cash and increase alignment Traditionally, UK NEDs have been paid an annual cash fee, supplemented, in some cases, by additional cash for chairing or being a member of a Board committee. Participation by NEDs in annual bonus plans and performance-related share options or LTIs is opposed by investors and…

May 28, 2020 Read more >

Coming out of a downturn strong (and how long-term incentives will be key to doing that) One of the things that we have seen time and time again, as advisors to a wide range of companies across many sectors, is that future success after a downturn is not measured by how you weathered the initial…

May 28, 2020 Read more >

Why UK listed companies are now considering replacing their LTIPs with Restricted Stock Plans Back in November last year, the Investment Association (the “IA”) came out with these dramatic words: “Alternative remuneration structures – We encourage all Remuneration Committees to evaluate their remuneration structures to ensure that they are appropriately aligned with the implementation of the…

April 30, 2020 Read more >

Now cash is the only KPI, there is an opportunity to rethink executive incentives There is now a singular concentration on conserving corporate cash. The Bank of England has issued a statement, falling barely short of an instruction, that banks should withhold dividend payments. Some, but not all, have complied. This is a crucial week…

April 30, 2020 Read more >

Free Remuneration and Reward support sessions To all our clients and contacts: we know things are tough for businesses right now. Many of you will have done all you can to set your business up to deal with the lockdown and will now be thinking about what needs to be done to help ensure your…

April 21, 2020 Read more >

Advice for Rem Com Chairs in the light of Covid-19 We are now living in the strangest of times, certainly the most difficult that the vast majority of us will have ever experienced. We are, for all intents and purposes, in unchartered waters as far as executive remuneration decisions are concerned. However, we at MM&K…

April 17, 2020 Read more >

Budget 2020 – some things you might have seen and some of the things lost in the details Having had an opportunity to revisit the recent Budget, it really can be seen as being a mix of direct responses to the COVID-19 outbreak, as well as planning for the future (including in a post-Brexit world!).…

March 31, 2020 Read more >

258 non-executive directors share their views on Life in the Boardroom Less than half of non-executive directors say they receive timely and adequate management information; yet 79% feel that their Boards are fully effective. These are just two of the key findings from the 2020 Life in the Boardroom survey report, published by MM&K. Life…

March 30, 2020 Read more >

The gender pay gap is narrowing. However, females are still under-represented at the more senior management levels especially in male dominated sectors The Gender Pay Gap Regulations, known as the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017 came into force in the UK in April 2017. The regulations require all private and non-governmental,…

March 30, 2020 Read more >

CEO Pay Ratio reporting: introduction, implementation and predicted impact The “CEO pay ratio” has become a hot topic after the introduction of new legislation demanding UK incorporated companies listed on the FTSE, NYSE and NASDAQ with over 250 employees to disclose in their directors’ remuneration reports the ratio of their CEO’s total pay to the…

February 28, 2020 Read more >