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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

Is executive pay too high?

Executive pay is currently a hot topic – and it’s one that was discussed at ICAEW’s Corporate Governance Community event. Julia Root-Gutteridge reports.

Is executive pay too high?

Thoughts from a recent ICAEW event.

Time for new approach on executive pay

Last month, ICAEW and Hermes convened a senior panel of remuneration committee chairs and investors, along with Anna Turley, MP for Redcar, to explore how realigning executive pay can help to restore trust in business, reports Julia Root-Gutteridge, ICAEW Manager for Board Effectiveness.

A new approach to executive pay

In July 2019, ICAEW and Hermes convened a senior panel of remuneration committee chairs and investors to explore whether a new approach to executive pay is needed. Realigning executive pay is an essential part of restoring trust in business.

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.

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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.

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