ESG is a growing characteristic of executive remuneration plans, with 58% of FTSE 100 companies including these metrics in their reward packages – up from 45% in 2020. According to a 2021 PwC Survey amongst Corporate Directors, 94% support the inclusion of non-financial targets in executive compensation plans. But aside from this, why should companies…

September 15, 2022 Read more >

On the 12th July, the ESOP Centre hosted a members’ webclave titled “Are Broad-Based Share Plans Still Fit For Purpose?”. The guest speakers covered a number of topics and issues affecting broad-based share plans today. An employee share scheme is a powerful tool for employee retention and alignment of stakeholder interests. As employment practices are…

July 19, 2022 Read more >

Having seemingly come out of the worst of the recent pandemic, many employers were delighted in early 2022 to be able to give a decent level of pay rises.  Our discussions and reviews with employers were showing increases of at least 3% as being the norm. However, this good news was swallowed up by the…

July 19, 2022 Read more >

The career path of many employees includes a series of promotions to team leader or manager (requiring the individual to acquire managerial skills and responsibilities). There are certain benefits and responsibilities that come with this progression, e.g.: Pay – the pay levels increase; Title – gives a feeling of more importance, recognises development and brings…

June 29, 2022 Read more >

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 >