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 >

The continuing cost-of-living-crisis saw its apogee when we collected data for our new exclusive survey of Chairs and NEDs – Life in The Boardroom 2023/24. With the ONS reporting a 7.9% inflation rate in 2022, only mildly declining to 6.8% in 2023, such rates have not been seen for thirty years. We found that salary…

June 6, 2024 Read more >

In the private equity industry, compensation packages are not one-size-fits-all. They’re as diverse as the firms themselves, shaped by a multitude of factors. Firstly, a firm’s history plays a crucial role. Established firms may have developed compensation structures over time, influenced by past successes, failures and regional benchmarks. On the other hand, newer firms might…

February 22, 2024 Read more >

MM&K (the UK partner firm in the GECN group) has published its 2024 report on how the world’s largest firms have used ESG (environmental, social, governance) metrics in their 2023 executive incentive plans. Download your free copy here. After the major progress seen in the 2022 report, one may have wondered if ESG would run…

January 23, 2024 Read more >

Who is responsible for making sure remuneration issues are monitored and implemented properly will depend on the size and nature of your business.  However, whether the responsibility lands with a fully supported Remuneration Committee or is “just one more thing” for a “lucky” individual to do in a start-up, the following are five areas that…

September 14, 2023 Read more >

A non-compete clause is a clause in your employment contract that precludes you from joining a competitor or setting up a business that would compete with your employer’s (or ex-employer’s). However, no matter what is stated in your employment contract, a non-compete clause must be reasonable and only applies in cases when there is a…

July 27, 2023 Read more >

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 >

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 >

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 >

MM&K Private Equity & Venture Capital Compensation Survey is a Compensation Survey for the European Private Equity and Venture Capital Industry that MM&K has run for 27 years. This month we have launched the 28th round of this survey. MM&K PE / VC Compensation Survey provides participating firms with market leading, detailed information on both…

May 17, 2023 Read more >

The past 3 years has seen huge levels of economic uncertainty with the COVID pandemic, high inflation and cost of living crisis being a few of the main causes of this. Our 2022 Private Equity report has now been released, so in this article I will be taking a closer look at how staffing levels…

May 16, 2023 Read more >