For the past 27 years MM&K has been running the Private Equity and Venture Capital Compensation Survey. In the past couple of years we have seen unprecedented demand for junior investment professionals and a commensurately significant increase in their remuneration – a factor also noted by a number of our contacts. 75% of firms across…

January 26, 2023 Read more >

Listed companies are required to put their directors’ remuneration policy to a shareholder resolution at least every three years. If a company wishes to make any changes to its remuneration policy, it must put the new policy to shareholders for approval at an annual general meeting (AGM). Several listed companies are likely to be seeking…

January 26, 2023 Read more >

MM&K (the UK partner firm in the GECN group) has published its 2023 research on how the world’s largest firms use ESG (environmental, social, governance) metrics in their executive incentive plans. Download your free copy here. We researched the world’s top firms for how they use ESG metrics when paying their CEOs. A category among…

January 26, 2023 Read more >

Following the UK Government’s announcement last September that the cap on bankers’ bonuses was to be removed, it is important to consider the knock-on effect this is likely to have on wider businesses and their attitude towards remuneration. The bonus cap in question currently prevents employees of UK banks, building societies and certain investment firms…

January 26, 2023 Read more >

On 22 December 2022, HMRC published its tax avoidance bulletin Spotlight 61 – ‘Disguised remuneration: remuneration trusts used to reduce profits and disguise income’ which follows the warning given by HMRC in Spotlight 51 and Spotlight 56 about remuneration trust tax avoidance schemes and explained why these do not work. HMRC have noticed that certain…

January 26, 2023 Read more >

Looking back on a year of turmoil 2022 was supposed to be the year in which we started to get back to normal, or to embrace the “new” normal. In January, COVID was a declining force, inflation was 5.5%, investors anticipated a brighter outlook for the UK economy and the FTSE100 index closed above 7,500…

December 21, 2022 Read more >

On 8th November this year, a (cross party supported) Private Members’ Bill was introduced into Parliament with the aim of updating two of the current share ownership schemes (the share incentive plan, known as SIP, and the save-as-you-earn system, known as SAYE or Sharesave) —and proposes a third scheme. As is the nature of these…

November 22, 2022 Read more >

Corporate governance can seem like a daunting task for any organization to undertake. Some organizations do it because they fall within specific codes, others consider doing it, but the thought and the process overwhelms them to a point of choosing to do the bare minimum, or nothing at all. It is important for companies to…

November 22, 2022 Read more >

Last month, we restarted our series of remuneration dinners for Board Chairs, CEOs, Remuneration Committee Chairs and committee members. The format is that about twenty diners participate in what is usually a spirited discussion on a topical remuneration-related theme. This occasion was no exception. The theme for the evening was provided by the Government’s proposed…

November 22, 2022 Read more >

We would like to thank all 114 participating firms from across the United States and Canada for providing information on over 4,200 incumbents, employed in 46 different positions, ranging from analyst to managing general partner on the investment side and from receptionist to chief operating officer on the administrative side. The 2022 Report contains a…

November 22, 2022 Read more >

MM&K (the UK partner firm in the GECN group) is soon to publish its 2022/23 research on how the world’s largest firms use ESG (environmental, social, governance) metrics in their executive incentive plans. Download your free copy. Environmental metrics appear to have truly flourished across the world this year. All regions reported an increase, Europe…

November 22, 2022 Read more >

HMRC has recently updated their guidance in the HMRC manuals at ETASSUM54300 on their views about what would and would not constitute acceptable exercise of discretion in the context of EMI Options. Background Paragraph 37 of Schedule 5 of the Income Tax (Earnings and Pensions) Act 2003 provides that the terms of any EMI Option…

November 22, 2022 Read more >