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 >

The Chancellor’s Budget speech on March 3rd was preceded by months of speculation, driven by a report published by the Office of Tax Simplification back in November last year, that the rate of capital gains tax (CGT) in the UK might well be increased to come into line with income tax, i.e., 45% for additional…

March 29, 2021 Read more >

Chapter 11 is a form of bankruptcy in the US, that allows companies to stay open and operating while reorganising their debt. Many companies that file for Chapter 11 bankruptcy, successfully emerge financially stronger. So, what happens to executive pay when a company emerges from Chapter 11? There is a perception that companies which have…

March 29, 2021 Read more >

As they say in the movies, this is based on a true story. The business had been through a number of transformations before emerging into private equity hands. It was floated on AIM, in something of a hurry, principally to pay down debt. The private equity house retained a stake in the business post-float. During…

March 28, 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 >

As part of its long-term strategy around taxation, the administration of tax and wider tax policies, HM Treasury have split out the aspects of the recent Budget that related specifically to these areas.  As a result, Tuesday 23rd March saw the publication of a raft of tax policies and consultations. The impact of this work…

March 27, 2021 Read more >

MM&K’s Board Chairs and Non-Executive Directors’ “Life in the Boardroom” survey is a “Must Have” for all Non-Executives. Why it is unique This survey is unique as the data is collected from Non-Executive Directors themselves. This offers true insights into individual directors’ views about Board appointment practices and effectiveness, which otherwise could be misinterpreted based on…

March 27, 2021 Read more >

On Wednesday 24th February, the Investment Association published an update on its previous guidance seeking to update IA member expectations on how Remuneration Committees should be reflecting the impact of COVID-19 on executive pay. The main thrust of the update was an addendum to the original guidance that it published in November 2020 which we…

February 25, 2021 Read more >

It perhaps comes as no surprise that the beneficial tax treatment of carried interest is under attack again in the United States. A group of Democrat Representatives has put forward a bill to change the tax treatment of carried interest to that of ordinary income, which can be as high as 37% in the US. …

February 25, 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 >

Six recent renewable energy start-ups have attracted more than £1bn in funding. It is clear to many that the development of renewable energy sources is essential for the planet. It is now also equally clear that investors are willing to put serious money behind viable renewable energy business ventures. Start-ups don’t have a monopoly on…

February 25, 2021 Read more >

As recent news starts to point to a road map out of the current lockdown and business owners and leaders start to have more time to think about “bigger picture issues” – one question that may raise its head is “do I want to keep doing this?”. Whether this comes as a quiet, unexpected thought…

February 24, 2021 Read more >