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 >

2020 MM&K Private Equity / Venture Capital Pulse Survey This month MM&K launches its 2020 Private Equity / Venture Capital Pulse Survey. The Pulse Survey is a short survey that focuses on the most recent HR and compensation developments in the UK and European Private Equity / Venture Capital industry. The Pulse Survey is run…

February 28, 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 >

There is a seemingly strong belief, particularly from Government, that the best way to make change is to do so through the use of “nudge” – influencing the behaviours of those organisations at “the top” to impact upon a wider group. A recent survey by the organisation Company Matters prompted us to consider the interesting…

February 28, 2020 Read more >

Some issues with the growing pressure from Investors for Management Teams to have larger and larger amounts of skin in the game, both in listed and private equity situations The Principles of Remuneration that were published by the Investment Association (the “IA”) in November 2019 include the following words: “Executive directors and senior executives should…

February 28, 2020 Read more >

Taking a listed company private – implications for executive pay and governance More and more companies are shunning listed status. Recent research has shown that the number of take private deals in 2019 was 40% higher than in 2018. Aggregate deal value increased from £9.9bn to £21.1bn. Whilst the big deals grabbed the headlines (Advent’s…

February 28, 2020 Read more >

Revised Stewardship Code sharpens the focus on ESG factors The UK Stewardship Code forms part of the FRC’s mission to promote transparency and integrity in business. The 2020 version of the Code was published by the FRC earlier this month. Under the Code, it is incumbent on asset owners and asset managers to disclose how…

January 30, 2020 Read more >

2020 MM&K / GECN Global Research In 2019 MM&K, together with our partners in the GECN Group (Global Governance and Executive Compensation Group) researched the Global Trends in Corporate Governance – investors perspective. The outcomes of this research are present in the Executive Summary (click here to request a copy). 25 global investors were interviewed…

January 29, 2020 Read more >

The FRC’s annual review of reporting, following 2018 changes to the UK Corporate Governance Code shows the quality of reporting has been mixed. In this article we analyse key elements of the FRC review The 2018 UK Corporate Governance Code that applies to accounting periods beginning on or after 1 January 2019, is designed to…

January 28, 2020 Read more >