Participants in the latest edition of Life in The Boardroom 2023/24 – our exclusive survey of Chairs and NEDs – say non-executives are being burdened with more and more responsibility. In this article we explore over a decade of Life in The Boardroom data to see how the data bears out their concerns. In this…

November 28, 2023 Read more >

The UK and other countries are reported to suffer stagnating wages for the past few decades, a concern certainly not helped by the current inflationary crisis. Public-sector organisations are required to be more transparent, are likely to be under more pressure on equality, usually have more workers’ protections, lack the competitive pressures of the market…

November 23, 2023 Read more >

In the ever-changing landscape of the modern workplace, an organisation’s most valuable asset is its people. The key to success lies in cultivating a harmonious working environment, addressing grievances swiftly and prioritising employee happiness and productivity. As organisations grapple with the complexities of diverse teams, managers and employees, it is essential to adopt strategies that…

November 21, 2023 Read more >

Despite recent pushes from some of the leaders of the world’s biggest corporations and institutions to “get people back into the office”, there still seems to be firm resistance to a complete return.  And this is not just a “generational” issue. Many senior individuals, who have had years of working in offices and know the…

November 20, 2023 Read more >

The Supreme Court has recently published its decision in HMRC v Vermilion Holdings Limtied [2023] UKSC 37 providing clarity on what constitutes ‘employment related’ securities (ERS) options (and accordingly, ‘employment related’ securities) and the scope of the deeming provisions, for the purposes of the employment related securities legislation. Facts In 2006, Mr Noble, a consultant,…

November 16, 2023 Read more >

Bowing to pressure from the business lobby, on 16 October the UK Government announced it is shelving proposed legislation seen, hitherto, as a major plank in its plans for UK corporate governance reform. Apart from opening the door for critics to point to another government u-turn, this development is likely to affect, and may delay,…

October 18, 2023 Read more >

At MM&K we continue to see a number of pressure points that Boards are grappling with when seeking to execute against their business strategy: Institutional investors are demonstrating increased appetite for significant returns; Remuneration Committees are suddenly finding themselves dealing with ever-greater below-Board compensation issues; Executives are still pushing the envelope in terms of Total…

October 17, 2023 Read more >

People tend to earn more as they get older. In this article we explore how long and fast this occurs, does it stop, and why? We looked at 2023 ONS data on the wages earned by different age groups. Looking at median earnings, we see that earnings grow until ages 40-49. The graph below details…

October 17, 2023 Read more >

Over 100 fund managers participated in the 2023 Holt-MM&K Private Equity and Venture Capital Compensation Survey for North America, providing data on over 3,500 incumbents. The 2023 Report covers 53 different investment and non-investment roles. In the North American Report participating firms are classified by type of investment strategy and committed capital to all active…

October 17, 2023 Read more >

The Pay Transparency Directive is legislation adopted by the European Parliament in May 2023. The Directive aims to tackle the gender pay gap by requiring employers to publish information about their pay practices. This information will include the average pay for men and for women, as well as the pay gap between them. It will…

October 17, 2023 Read more >

In a recent case, Ponticelli Ltd v Gallagher [2023] CSIH 32, the Court of Sessions held that an employee’s right to participate in a SIP transferred to the new employer under Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE) and the transferee employer must provide a scheme of substantial equivalence for the employee to…

October 17, 2023 Read more >

The introduction of fixed term parliaments means that we know there will be a General Election next year (with the signs that the current government will wait as long as possible to call the election, hoping for inflation to be back down towards the desired 2% levels). While one can never be sure that statements…

October 17, 2023 Read more >