All at MM&K hope our clients, contacts, partners and other stakeholders enjoy a peaceful seasonal holiday break and we wish you a very happy New Year. We look forward to continuing our connections with all of you in 2025. A milestone passed 2024 has been a remarkable year. MM&K celebrated 50 years in business, a…

December 20, 2024 Read more >

Looking back over the year, our Newsletter has covered a wide range of topics related to remuneration, performance and governance. As far as governance is concerned, it has been a year of false starts, the closing position being somewhere behind the starting point. But progress has been made in other areas. At the start of…

December 14, 2023 Read more >

We are delighted to announce that MM&K has published the 2023-2024 Life in the Boardroom Report, which sets out our findings from the 2023 survey of UK board Chairs and Non-executive Directors (NEDs). The Report covers directors’ fees and time commitments, as well as their views on a range of topical board issues. Life in…

December 6, 2023 Read more >

The story so far …. 2023 was going to be the year of major reform to UK corporate governance and specifically, the UK Corporate Governance Code (Code). The Government promised legislation to pave the way for reforms to restore trust in company audits and their auditors, following the collapse of Carillion and Thomas Cook. The…

November 28, 2023 Read more >

We, at MM&K, are delighted to announce that the 2023 PE/VC Compensation Report has recently been published. The 2023 Report sets out our findings from our 2023 survey of the UK and European private equity, venture capital, infrastructure and real estate fund management industries. A couple of new additions to this year’s report are a…

November 28, 2023 Read more >

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 >