News
With the majority of parties now having published their manifestos, what clues do they contain as to the future direction of corporate governance and executive pay in the UK? This article is strictly apolitical – as countless polls have shown, it is impossible to predict how an election will be decided. However, irrespective of who…
November 25, 2019 Read more >
MM&K and its partner firm in the US, Holt Private Equity Consultants, have published their 2019 Survey Reports on Compensation in the UK and North American Private Equity and Venture Capital Fund Management industries. Nigel Mills reflects on some of the key findings in the Reports with regard to pay levels on both sides of…
November 25, 2019 Read more >
Revised and Strengthened UK Stewardship Code sets new world-leading benchmark Nigel Mills summarises some of the changes in the new Code and the impact it will have. One key change is that signatories now have to explain their Stewardship approach in their alternative investments such as PE and Infrastructure. The Financial Reporting Council (the FRC) launched…
November 25, 2019 Read more >
“Does making the rich poorer make the poor richer?” – a new concept or just a misuse of Sir Winston Churchill’s quote “You don’t make the poor richer by making the rich poorer”. This month, the High Pay Centre (HPC) held an event to talk about pay and the increasing gap in incomes between those…
November 25, 2019 Read more >
No matter whether you are a listed company or a private company, the most recent remuneration guidelines from the Investment Association are likely to affect your business in the future To paraphrase an old saying, “when the FTSE sneezes, the rest of the market catches a cold”. Whilst the recent publication of the Investment Association’s…
November 20, 2019 Read more >
Remuneration Planning for Management Succession On 18 November, MM&K hosted the latest in its series of Remuneration Dinners. The guests on the evening included Company Chairs, Remuneration Committee Chairs / Members and CEOs. The discussion topic for this event was Remuneration Planning for Management Succession. The topic was introduced by MM&K’s CEO Paul Norris who…
November 19, 2019 Read more >
Towards the wider use of deferred share plans Study by the “Purposeful Company” The Purposeful Company is an independent voluntary think tank set up in 2015 with the support of the Bank of England to help transform British Business by identifying with like-minded companies changes to policy and practice aimed at creating long-term value. The…
November 19, 2019 Read more >
Nigel Mills reflects on some of the key findings in the Report which supports the hypothesis that this sector is in boom times. On 14th October MM&K published its 2019 European Private Equity and Venture Capital Compensation Report. The Report is derived from the Survey that we conducted in the year into pay and incentive…
October 25, 2019 Read more >
The global investment landscape is changing. Investors are under increasing pressure to consider carefully the long-term sustainability of their investments and to demonstrate that their engagement and investment strategies are designed and executed with the best interests of the end-beneficiaries in mind. The revised UK Stewardship Code, published on 24 October is evidence of this.…
October 25, 2019 Read more >
FRC’s transition to ARGA sailing into in the Doldrums In our July Newsletter, we wrote about the Financial Reporting Council’s (“FRC”) programme of transition into the Audit, Reporting and Governance Authority (“ARGA”), a statutory body with enhanced regulatory powers to address corporate governance failures and audit malpractice. What, if anything, has happened in the meantime…
October 25, 2019 Read more >
The recent changes proposed by the FCA due to the Woodford Investments situation should be an important reminder to private companies as well as listed ones Recently, the FCA advised that it would finally be going ahead with a rule change that it proposed last October. Under this change of rules, a new investment category…
October 24, 2019 Read more >
New UK Stewardship Code comes into force on 1 January 2020 The Financial Reporting Council (FRC) has made significant changes to the UK Stewardship Code which will come into effect in January 2020. The Code will then require Investment Companies to report annually on their “stewardship activity”. Changes to the code include: • Extending the…
October 24, 2019 Read more >
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