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Executive remuneration

A selection of books, articles and guides on executive remuneration including sources of guidance and good practice.

What's on this page?

  • Online articles
  • Books and articles from the Library
  • Legislation
  • Guidelines and reports
  • Pay surveys

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Featured book

Directors' remuneration handbook
Weight, C. (Bloomsbury, 2014, 785 pages)
This book explains the complexities of directors' remuneration in simple terms, providing examples of best practice and up-to-date market data as well as a source of reference to key legislation.

To borrow this book please contact the Library.

Featured link

Executive Remuneration Working Group: Final report
Investment Association, July 2016
Following a consultation, the group has proposed practical policies to make executive remuneration simpler and more transparent.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Shareholder uprising

Following the adoption of the remuneration reporting regime Edward Craft reports on the struggle by large companies to get the 2016 annual report on remuneration approved by shareholders.

Why we've lost faith in charities

With charities under fire for aggressive fundraising methods, high executive salaries and misuse of donor data, how can the third sector regain the public's trust?

Is your CEO's high salary scaring away customers?

New research has found that consumers report being more likely to buy from companies with CEO-to-worker pay ratios they consider fair.

What will salary benchmarking uncover in your organisation?

Using a professional benchmarking process can boost engagement and retention - but can also be daunting, complex and expensive.

Showing 4 of 19 items

Useful links


Directors' pay: revised remuneration reporting regulations
After consultations during 2013, Parliament approved these final regulations governing directors' remunerations reporting, which came into force on 1 October 2013.

Enterprise and Regulatory Reform Act
Part 6, section 79, covers payments to directors of quoted companies.

The large and medium-sized companies and groups (accounts and reports) regulations 2008
The full text of statutory instrument 2008/410 which came into force in April 2008.

Guidelines and reports


Bulletin 4: Recent developments in Company Law, the Listing Rules and auditing standards that affect United Kingdom auditor's reports 
Audit and Assurance Bulletin published by the FRC in April 2014 highlighting changes to auditors' responsibilities. The press notice issued on 10 April gives a summary.


Directors' Remuneration Reporting Guidance
guidance from the GC100 and Investor Group published on 12 September 2013.

FRC to consult on executive remuneration
On 2 October 2013 the FRC opened a consultation on whether to amend the UK Corporate Governance Code to address a number of issues relating to executive remuneration. The FRC is now consulting on three specific proposals: clawback arrangements; whether non-executive directors who are also executive directors in other companies should sit on the remuneration committee; and what actions companies might take if they fail to obtain at least a substantial majority in support of a resolution on remuneration.


Executive pay: consultation on revised remuneration reporting regulations
The consultation paper published by BIS on 27 June 2012, to invite comments on draft regulations for the content of directors' remuneration reports.

Directors' pay: guide to government reforms
On 20 June 2012 the Business Secretary Vince Cable announced comprehensive reforms of the governance framework for directors' remuneration which aim to "address failures in corporate governance by empowering shareholders to engage effectively with companies on pay." These reforms were introduced through amendments to the Enterprise and Regulatory Reform Bill. On 3 July 2012 BIS published further explanatory notes for proposed amendments on directors' remuneration.

A single figure for remuneration
Report published by the FRC's Financial Reporting Lab in June 2012 which presents the results of a short-term project undertaken at the request of the BIS to obtain views from companies and the investment community on how a single figure of 'total remuneration' might be measured and presented.

Executive pay: Consultation on enhanced shareholder voting rights 
Consultation paper published by BIS in March 2012 on "measures to give company shareholders greater influence over executive pay, through enhanced voting rights". The paper builds on the evidence received in response to the 2011 discussion paper on executive remuneration. BIS published a summary of responses in June 2012.


Executive remuneration: Discussion paper
Published in September 2011 by the Department for Business, Innovation and Skills (BIS), this discussion paper aims to "to gather further evidence and stimulate debate" and presents a "variety of measures that could potentially promote a clearer and stronger link between executive remuneration and company performance, and empower shareholders to hold companies to account." BIS published a summary of responses in January 2012.

Pay surveys

2013: A year of restraint for executive pay
A PWC report based on a short survey of over 40 large companies run at the end of 2012, against the backdrop of the current attention then focusing on executive pay from shareholders, Government, regulators and the media. The results show that base pay and bonuses look set to be more restrained than in previous years.

A chief concern: how CEO pay has changed in the UK’s best known charities over the last five years
A short nfpSynergy November 2013 report, looking back at CEO pay in 50 top UK charities during 2007-2012. Free download requiring an email address.

Infographics: Chairmen and non-executive directors’ remuneration
These infographics highlight some of the key findings of Life in the Boardroom, survey compiled in partnership with remuneration consultants MM&K into Chairmen and Non-Executive Directors' Remuneration.

PWC Non-executive director fees 2014 review
Analysis of non-executive fee levels and trends in FTSE 100, FTSE 250 and SMC companies.

The state of pay: one year on from the high pay commission
This High Pay Centre report published in December 2012 scrutinises CEO rewards, a year on from the High Pay Commission's 'What are we paying for?' report into pay packages for executives at the top of British businesses.

Articles and books in the Library collection

Selected articles

Articles in our print collection include:

Capping salary excess 
Accountancy, October 2013. p.65
The author analyses the ramifications of the Enterprise and Regulatory Reform Act 2013, which gives shareholders greater influence over executive remuneration in fully-quoted companies. The author argues that investors will begin to expect this degree of input into smaller companies too.

Changing face of LTIPs 
Executive Compensation Review, June 2013. pp.21-23
 LTIPs (long-term incentive plans) are now a firmly established part of executive remuneration, but they are coming under increasing fire. Payouts have remained stubbornly high even at a time of recession and poor corporate performance, and there are concerns that they encourage executives to maximise short-term results at the expense of long-term corporate health. However, there are signs that remuneration committees are beginning to respond to these criticisms. This article looks at some of the latest trends in LTIP design.

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