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 think-tank has published extensively on policy matters relating…

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 >

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 to demonstrate progress? This is, clearly, a question exercising…

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 >

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 Code to include asset owners (pension funds and insurance companies) service…

October 24, 2019 Read more >

Increasingly investors look into how organisations are governed and how effective the top decision-making bodies of organisations really are. In this white paper, Dr Sabine Dembkowski of better Boards Ltd, sheds light on research findings and reveal the seven hallmarks of effective boards. The seven hallmarks are proven to create more effective boards and are…

September 30, 2019 Read more >

MM&K is the UK member firm of the Global Governance and Executive Compensation Group (GECN), a consortium of independent advisory firms specialising in executive compensation and corporate governance and jointly serving clients in more than 30 countries. As investors are demanding more today than ever before from the companies in which they invest their capital,…

September 27, 2019 Read more >

The private equity world continues to come up with ever more impressive and somewhat surprising stories. In the last few days EQT, the Swedish private equity fund management group has IPO’d on the Swedish Stock Exchange, valuing the business at an astonishing €7bn. The shares made an impressive debut, gaining more than 30% in their…

September 24, 2019 Read more >

In the summer, as part of its wider remit on governance, the Financial Reporting Council (“FRC”) launched the Female FTSE Board Report, created in conjunction with Cranfield University. The central theme was the advantages of diversity for everyone. As the Director-General of the CBI, Carolyn Fairbairn states in the Report: “The case for workplace equality…

September 24, 2019 Read more >

The GC100 is an industry group for general counsels and company secretaries working in FTSE 100 companies. As part of their work, they produce the “GC100 Directors’ Remuneration Reporting Guidance”. The Guidance is a useful tool for anyone in a mid-sized or large listed company who has to produce a Directors’ Remuneration Report. Despite a…

August 28, 2019 Read more >

ProShare issued its Save-As-You-Earn (SAYE) & Share Incentive Plan (SIP) Report in respect of the 2018 calendar year on 25 June 2019.  HMRC published its latest statistics on tax-advantaged share plans for the tax year 2017-18 on 27 June 2019. This article extracts details from the two data sources about current practice for these two…

July 30, 2019 Read more >