The cost-of-living crisis has been a major challenge for businesses in the UK. Rising inflation is making it harder for employees to make ends meet, and this is leading to increased turnover, with many calling it the ‘great resignation’ period. In order to retain and attract key talent, employers have had to take different approaches…

July 27, 2023 Read more >

Recently, the Financial Reporting Council (“FRC”) published a consultation paper asking for detailed responses as to how the UK Corporate Governance Code (“the Code”) could be updated to become part of a wider framework of measures that will improve accountability, build trust and support investment and stewardship decisions in the UK. Although the main driver…

July 26, 2023 Read more >

Further to its announcement in April this year, on Tuesday 18 July 2023, the Government launched its consultation, seeking views, mainly from individuals, trustees and tax practitioners on proposals for reforms on targeted taxation aspects of Employee Ownership Trusts (EOTs) and Employee Benefit Trusts (EBTs). Further details can be found here. By way of an…

July 26, 2023 Read more >

MM&K, with the GECN group, has published annual research on how the world’s largest firms use ESG (environmental, social, governance) metrics to incentivise their executives. We are pleased to share our 2023 report on the dramatic shifts in the ESG sphere. Download your free copy Our report comes in the wake of the upheavals of…

July 26, 2023 Read more >

We were delighted to have been invited by the London Stock Exchange to join the panel for a webinar on 15 June, on the impact of an IPO on remuneration and governance. Last year, there were 45 IPOs in the UK; 33 on the main market (a fall of about 43% from 2021) and 12…

June 21, 2023 Read more >

Following the announcement in the Spring Budget statement, on 5 May 2023, the Government published its call for evidence on non-discretionary tax-advantaged employee share schemes, Save As You Earn (SAYE) and the Share Incentive Plan (SIP), which can be found here. The Government also published its final report on Share Scheme Evaluation – CSOP, SAYE…

June 21, 2023 Read more >

Last month MM&K launched its 28th annual Private Equity & Venture Capital Compensation Survey of the European Private Equity and Venture Capital Industry. The survey covers both short-term and long-term aspects of pay and incentive practice in the private equity, venture capital and infrastructure fund management space, including in the fund-of-funds and secondaries space. Short-term…

June 21, 2023 Read more >

The most recent ONS figures cite over one million job vacancies in the UK. These are amongst the highest since records began 22 years ago, following a peak in April 2023, still 200,000 more than the pre-pandemic peak. This is alongside an unemployment rate of 3.9%, amongst the lowest figures since the ‘70s. It seems…

June 20, 2023 Read more >

Risk management is an important part of corporate governance because it helps organisations identify, assess and mitigate risks that can impact their ability to achieve their objectives and goals. It helps protect stakeholder interests, encourages better decision-making, preserve value and compliance and identify any emerging risks. When considering risk management in executive remuneration, boards should…

June 20, 2023 Read more >

One of the issues with employee benefits is that, over time, their existence can be taken for granted and their ability to be changed or used strategically is overlooked.  In addition, many businesses fail to plan for holiday time being taken later in the year than the popular spring and summer periods. Accordingly, here are…

June 20, 2023 Read more >

MM&K’s Life in the Boardroom report, a “must have” publication for all Non-Executives, is based on a unique survey sent out to Non-Executive Directors themselves in order to gather insights into their individual thoughts on boardroom policies and practice. MM&K has conducted this valued survey for over 30 years. It is unique as data is…

June 20, 2023 Read more >

London Stock Exchange CEO, Julia Hoggett’s recent suggestion that UK CEO pay should be increased to place London as the listing venue of choice, has grabbed many headlines and attracted some strong reaction. This comes hard on the FCA’s proposal to relax the Listing Rules, to simplify the process of bringing a company to market,…

May 17, 2023 Read more >