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Many readers will be aware that last month, the IA issued its response to two issues arising from Russian sanctions and the economic impact of Russia’s invasion of Ukraine, namely: LTI award sizes in light of the recent fall in share prices; and Whether a six-month delay in setting LTI targets would be appropriate, owing…

April 19, 2022 Read more >

The High Pay Centre (HPC), earlier this month published a report on the pay-outs under Long-Term Incentive Plans (LTIPs) and bonuses for CEOs of FTSE 100 companies. The findings showed that those incentive plans often pay out a high proportion of their maximums, so the report argues that these plans are failing their key purpose…

December 6, 2021 Read more >

For many, September, with the return of schools and universities marks a new beginning – and in work, September becomes the time when all those activities that have been delayed from over summer are now planned to be put into place. Here are five activities that should be on your radar in terms of people…

September 8, 2021 Read more >

As they say in the movies, this is based on a true story. The business had been through a number of transformations before emerging into private equity hands. It was floated on AIM, in something of a hurry, principally to pay down debt. The private equity house retained a stake in the business post-float. During…

March 28, 2021 Read more >

In April 2020, the Investment Association (IA) published their guidance on shareholders expectations during the COVID-19 pandemic in relation to executive remuneration in UK listed companies. This guidance was updated in November 2020. In view of the impact that the on-going COVID-19 pandemic restrictions and the lockdown is having on certain listed company’s remuneration committee’s…

March 28, 2021 Read more >

On Wednesday 24th February, the Investment Association published an update on its previous guidance seeking to update IA member expectations on how Remuneration Committees should be reflecting the impact of COVID-19 on executive pay. The main thrust of the update was an addendum to the original guidance that it published in November 2020 which we…

February 25, 2021 Read more >

Our April newsletter included an article on restricted share schemes, in particular making reference to research from the Purposeful Company (published at the end of 2019) suggesting that a growing body of investors are willing to consider alternative remuneration structures (to the standard LTIP), if the Remuneration Committee can argue the strategic benefits of adopting…

November 27, 2020 Read more >

Whether or not you are a December year-end business, the unprecedented year that 2020 has become means that we think all businesses need to a have a good look at their remuneration policies and practices before heading into the New Year. “Making good promises” Did entry into “lockdown” cause you to make hard decisions regarding…

November 27, 2020 Read more >

Given the nature of our business, it will be unsurprising that we think share plans have an important role to play for companies weathering the current economic storms.  However, this view has been reaffirmed by the recent release by HMRC of research it commissioned into share plans.  The research was conducted independently and amongst its…

October 29, 2020 Read more >

In light of the deepening effect of COVID-19, here are some thoughts designed to help remuneration committees as they turn their minds to bonus awards for 2020 and performance metrics for both short- and long-term awards in 2021. Annual bonus awards for 2020 Performance measures and targets for 2020 will have been set at the…

October 29, 2020 Read more >

Share dilution happens when a company issues additional shares, reducing the proportion of a shareholder’s current ownership. The issue of new stock can be seen as a positive sign when, for example, it is used to raise money for expansion, to invest in competition or to introduce new products. On the other hand, existing shareholders…

September 28, 2020 Read more >

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