News
Changes made to the UK Corporate Governance Code (UKCGC) and the QCA Corporate Governance Code (QCA Code) kick-in this year. The new 2024 UKCGC applies to accounting periods starting on or after 1 January 2025 and the 2023 changes to the QCA Code, apply to accounting periods starting on or after 1 April 2024. Both…
January 29, 2025 Read more >
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 >
Having barely had time to digest the economic impact of higher tax rates, lower interest rates and the potential effects of the US election, UK companies continue to face the seemingly unstoppable wave of UK corporate governance. Remuneration Governance The QCA Corporate Governance Code, revised in November 2023 came into effect for accounting periods starting…
November 19, 2024 Read more >
You may have formed the view from recent headlines that AIM is in its final death throes. Speculation about possible Budget tax changes is unhelpful and, to cap it all, LSEG data shows that whilst the FTSE All Share has risen 21% over the last three years, the AIM index has fallen by 40%! That…
October 22, 2024 Read more >
The recent stories around the pay of special advisor Sue Gray (now former Chief of Staff for the Labour party) were partly characterised by a number of commentators expressing apparent shock that someone within an enterprise was paid more than the leader of that enterprise. The implication was that there was a natural “rule of…
October 22, 2024 Read more >
MM&K has built its practice over 50 years on the principle that executive remuneration is the most powerful tool available to a board to focus executive management on where the business is going and rewarding them for their success in getting it there. Consistent with that principle, the primary focus of our advice and support…
September 18, 2024 Read more >
This year, MM&K celebrates 50 years in business as an independent firm specialising in executive remuneration, performance and remuneration governance. In that time, we have seen 13 Prime Ministers come or go and endured at least one recession every decade. We have also witnessed and continue to witness, significant changes in executive remuneration, owing to…
August 22, 2024 Read more >
Three recent news items add spice to the ever-present debate about executive pay. In no particular order, Bloomberg notes that UK bankers’ pay is closing in on US-style packages, the US Federal Trade Commission has announced that employee non-compete clauses are to be banned in the US from August and the FT has reported that…
April 25, 2024 Read more >
2024 will be another significant year for UK corporate governance reform. Last year’s consultation on the UK corporate Governance Code raised a number of issues. In the end, government intervention (or failure to act) resulted in the FRC’s watered-down revision, which, at least, took account of concerns voiced by issuers. This year is likely to…
March 26, 2024 Read more >
The updated QCA Corporate Governance Code published in November 2023, alters the corporate governance landscape for AIM-traded companies that have adopted the code, particularly in relation to remuneration reporting. The code applies to accounting periods starting on or after 1 April 2024, so companies with a 31 December financial year-end will have more time to…
February 22, 2024 Read more >
On 22 January, the FRC published an updated UK Corporate Governance Code (FRC Code), following publication last November of the QCA’s revised Corporate Governance Code (QCA Code) . The 2024 FRC Code is a cut-down version of the revised code the FRC had initially intended to publish. Its principal focus is on companies’ internal controls.…
January 25, 2024 Read more >
The Quoted Companies Alliance (QCA) has published a new version of its Corporate Governance Code (QCA Code) on 13 November 2023. The revised QCA Code which will apply for financial years beginning on or after 1 April 2024 (with a grace period of 12 months). The QCA Code is followed by most AIM companies and…
January 24, 2024 Read more >
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