MM&K is currently conducting a short pulse survey to provide us, and our clients, with an indication of what is happening to pay levels, in particular for the investment professionals, in the private equity and infrastructure fund management industries in the UK. There has been much commentary in the press recently about how the starting…

April 19, 2022 Read more >

Participants in MM&K’s exclusive report Life in the Boardroom – a survey of non-executive directors – raised concerns over increased responsibilities relative to their pay. “In light of increased governance & regulatory frameworks, and time commitments, NED fees should be higher.” “…responsibilities have increased … NEDs are underpaid in comparison to executive directors”. Below is…

March 16, 2022 Read more >

On 18th November 2021, the Investment Association (IA) wrote a letter to the chairs of the remuneration committees (Rem Com) in the FTSE 350 outlining its updated principles of remuneration and highlighting IA members’ focus areas for the 2022 AGM season. The main changes to the IA principles are as follows: General Guidelines Levels of…

December 7, 2021 Read more >

It is a known fact that employee turnover has a negative financial effect on companies; mainly due to the amount of effort and cost that goes into recruiting and training new employees, as well as the impact on those remaining employees who must cover for those who have left until they can be replaced. Thus,…

December 7, 2021 Read more >

The UK inflation rate increased to 4.2% in October, the highest rate in almost 10 years, driven primarily by the demand for oil and gas pushing energy prices up, supply problems caused by a shortage of goods, and government aid during the COVID-19 pandemic. But how is this likely to affect people, and are expected…

December 7, 2021 Read more >

We are delighted to announce that we have just published our latest MM&K PE/VC Compensation Report which sets out our findings from our 2021 survey of the UK and European private equity, venture capital, infrastructure and real estate fund management industries. The survey covers both short-term and long-term aspects of pay and incentive practice in…

November 4, 2021 Read more >

The 2021 – 2022 MM&K / GECN Group research is focused on the role of ESG factors in global executive remuneration and is a continuation to the “2021 and Beyond: Global Executive Incentive Trends The Shift to Non-Financial Measures” Report. The GECN is a group of six independent advisory firms specialising in executive compensation and corporate…

November 4, 2021 Read more >

March 2020 marked the beginning of the global COVID-19 pandemic, which led to lockdowns in many countries and caused mass disruption amongst many businesses. But how exactly was the UK’s FTSE 100 affected, and how have 2021 CEO remuneration packages fared compared to previous years? As can be seen in the graph below, there was…

November 4, 2021 Read more >

The FCA’s consultation period has just closed for comments on their proposals around “Diversity and inclusion on company boards and executive committees”. Once the FCA has taken on board any comments, the intention is that these updated rules will apply to all main listed companies from January 2022 (so that reporting will start from 2023).…

November 4, 2021 Read more >

In the recent case of Lord and others v Maven Wealth Group Limited [2021] EWHC 2544, the High Court has held that the provisions in the articles of association for the determination of ‘fair value’ of shares take precedence over the provisions in the shareholders’ agreement, even if ‘fair value’ is defined in the articles…

November 4, 2021 Read more >

The two principal all-employee share schemes available in the UK are Sharesave and Share Incentive Plans (SIPs). Participants in Sharesave schemes (sometimes called savings-related share options) are granted share options over the number of shares which can be acquired, for a price per share up to 20 per cent lower than the market price per…

October 7, 2021 Read more >

By now, the headline details of the Health and Social Care Levy (“HSCL”) should be familiar. A levy of 1.25% will be introduced from April next year with a view that it will be ring fenced for “Social Care” in particular. In order to give HMRC sufficient time to get their IT infrastructure in place,…

October 6, 2021 Read more >