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 >

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 >

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 >

The question of the future of executive remuneration is often raised around the time of a general election, with both executives and their employers keen to understand what the future might hold. MM&K’s Partner, Stuart James shared his insights at the 2024 Employee Share Ownership Centre’s Share Plans Symposium on Thursday, April 25. Stuart joined…

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 >

An increasingly connected and socially conscious world has sent a clear message to business: do your part or face the heat. The numbers show this, as 9/10 FTSE100 firms now tie their CEO pay to ESG metrics (environment, social, governance). We explore how board members themselves have experienced ESG in our new exclusive survey of Chairs…

February 22, 2024 Read more >

When we talk about how much an employee earns, it’s important to look beyond the numbers. The correlation between employee benefits, wellbeing initiatives and business performance is clear.  Well-designed benefits and wellbeing programmes play a key role in building a workplace culture, but they also drive performance. Core objective of executive remuneration policy are to…

February 21, 2024 Read more >

Private equity firms generate value through their portfolio of investments. But, investment choices driven by financial and portfolio optimisation decisions can underestimate the impact of human capital on the success of achieving the firm’s strategy for growth.  This article by new MM&K partner, Chris Leonard contains his thoughts and insights, based on first-hand experience. Stating…

January 29, 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 >

Job vacancies maintain their historical highs and the inflation crisis ensnares both employers and employees. Thus, one of the many questions raised is just how long are employees staying in their jobs? We researched the LinkedIn pages of 772 London Stock Exchange firms for the median tenures of their staff. Our results suggest that the…

September 14, 2023 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 >