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Remuneration committees

Guidance and considerations for corporate governance professionals on remuneration committees looking at executive pay and benefits.

In this section

How to end excessive pay

Excessive pay has been a growing source of public anger in recent years. Despite being snobbishly dismissed as populist prejudices, public perceptions of executive pay practices are largely accurate.

Exploring executive pay

Elizabeth Richards considers executive pay, ICAEW’s latest thought leadership programme, Connect and Reflect, and how you can contribute

ICAEW guidance and reports

How to end excessive pay

Our first application of the Connect and Reflect approach looks at how organisations can tackle excessive executive pay. It requires connecting with the public on pay, reflecting on what is said and taking action if it is required. In this paper we examine the challenges and provide a 10-step action plan to support boards in their approach to remuneration of executives.

Executive Remuneration: Factors influencing consultants’ advice

This briefing examines the factors that influence the advice executive remuneration consultants provide to their clients. Based on insights from interviews with consultants, the briefing identifies the key factors influencing their advice and their client relationships.

Webinars and other recordings

Does remuneration benchmarking reward failure?

Mark Freebairn, Partner and Head of the Financial Management Practice at Odgers Berndtson, and Ruth Bender, Professor of Corporate Financial Strategy at Cranfield School of Management, discuss executive pay and remuneration benchmarking.

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The board structure and its committees

Chapter 3 deals with the structure of the board, its governance role and responsibilities. It also gives brief overviews of the different types of board committees, including: audit; nomination; remuneration; and risk committees. These are dealt with in more detail in later chapters.

Executive directors

Chapter 12 - The role of the executive director, chief executive and finance director are outlined as well as director remuneration and the roles and responsibilities of the remuneration committee. Pay, pensions and other benefits, disclosure requirements, contracts and severance are also covered.

Business Law 8th edition

Guide to the legal principles that apply to business. Aimed at non-law students.

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Revised Corporate Governance Code: what you need to know

The article examines whether the 2018 Corporate Governance Code of Great Britain will be able to prevent corporate failures with the introduction of changes such as the provision to encourage greater engagement of the board and the nine-year rule for directors on the company board. Topics covered include flexibility offered by the Financial Reporting Council (FRC) for the enforcement of the Code, succession planning and development of a diverse board, and excessive executive pay. * For full article please contact the Library. *

Should compensation committees seek CEO input when deciding CEO pay?

The article focuses on the procedure followed by the compensation committee [remuneration committee in the UK] and board members of a company while deciding the compensation and salary package of the chief executive officer (CEO) of the company. The author opines on the need of taking CEO's view in deciding the package. It also discusses the need of transparency of the board members and chairman of the committee with the CEO after the decision is made.

Preparing for the 2018 US proxy and annual reporting season - are you ready?

Guidance for companies preparing for the 2018 US proxy and annual reporting season, which will be the first time that CEO pay ratio disclosure will be required.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Governing culture: practical considerations for the board and its committees

11 page paper from EY that looks into the role of boards and committees in governing culture. Separate sections look at the Nomination Committee, Remuneration Committee and Audit Committee and give questions on culture for each committees' reflection, as well as the board itself.

Investment Association principles of remuneration

Published in November 2018, the annual report from the Investment Association reflecting best practice for listed companies. A number of related documents, including 'Joint Statement on Executive Contracts and Severance by the ABI and NAPF', are available from the Institutional Voting Information Service (IVIS) website.

2018 corporate governance report

Grant Thornton's review of the annual reports of 308 of the UK’s FTSE 350 companies with years ending between June 2017 and June 2018. The section on remuneration committees looks at how successfully the reports engage with investors to explain executive and performance-related pay policies.

Nomination and remuneration

KPMG Board leadership centre - guidance and resources to help facilitate the skills and knowledge required by both nomination committee and remuneration committee members.

UK corporate governance code

The revised UK Corporate Governance Code was published by the FRC in July 2018. Section 5 Remuneration covers the role of the remuneration committee and exectuive remuneration.

ICGN guidance on executive remuneration

Best practice guidance for the remuneration committee and remuneration structure 'aligning interests between executives and investors to ensure remuneration plans motivate long-term value creation.'

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