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Remuneration committee links

Practical guidance, salary surveys and other information from external websites

The UK Corporate Governance Code

The UK Corporate Governance Code: remuneration
The revised UK Corporate Governance Code published by the FRC in July 2018. Section 5: Remuneration looks at the remuneration committee and executive remuneration.

The revised Code replaces the UK Corporate Governance Code published by the FRC in April 2016.

Guidance on board effectiveness

Guidance on board effectiveness 
Guidance published by the FRC in July 2018 "to stimulate boards’ thinking on how they can carry out their role and encourage them to focus on continually improving their
effectiveness."The guidance relates to the sections of the Code that deal with leadership and the effectiveness of the board. Section 5: Remuneration looks at the role of the remuneration committee

Guidelines, briefings and checklists

Board Walk - Remuneration Committee Briefings 
Remuneration consultancy MM&K publishes Board Walk, a regular briefing for remuneration committees, which can be subscribed to via a mailing list.

Director's remuneration reporting guidelines 2018
Guidance from the GC100 and Investor Group hosted on the Thomson Reuters Practical Law website. Also has further information on the Group and links to previous statements and guidelines.

Reward strategy
Guidance from the Chartered Institute of Personal and Development (CIPD) on executive rewards. CIPD also published a report - RemCo reform: Keeping executive pay in check and governing successful organisations that benefit everyone - in 2019.

Governing culture: practical considerations for the board and its committees
20 page paper from EY from 2016 that looks into the role of boards and committees in governing culture. Questions on culture for the consideration of the Remuneration Committee can be found on page 14. 

ICGN guidance on non-executive director remuneration
Best practice guidance on non-executive director remuneration looking at structure, accountability and transparency from the International Corporate Governance Institute, published January 2016.

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.'

The 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.

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.

PLSA Corporate governance policy and voting guidelines 
Guidelines published and regularly updated by the Pensions and Lifetime Savings Association (PLSA) with the intention to 'provide guidance to investors and companies on corporate governance matters.

Remuneration committee - terms of reference 
Guidance note updated by the Institute of Chartered Secretaries and Administrators (ICSA) in June 2013. Available to ICSA members only. The ICAEW Library holds a reference copy.

Reports and other publications

CFA UK Executive remuneration report 2016
An Analysis of CEO Pay Arrangements and Value Creation for FTSE-350 Companies. Report written by Lancaster University Business School and funded by CFA UK.

Changing faces at the RemCo 
A 2013 report by Hedley May analysing the skills that are now required of the key players involved in remuneration committees. It also considers how companies can successfully navigate the less than favourable media and political landscape. 

Executive rewards: paying for success
2019 report from the Business, Energy and Industrial Strategy Committee and the Government's response to this report. Results from the BEIS inquiry into fair pay.

FTSE 350 Corporate Governance Review 2018 
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.

The new closed shop: Who's deciding on pay? 
Report from the independent non-party think tank High Pay Centre, published in 2012, which looks at the make up of remuneration committees in FTSE 100 companies.

Onwards and upwards: Why companies change their executive remuneration schemes, and why this leads to increases in pay 
Research Paper by Ruth Bender, Cranfield University School of Management, published in October 2006. The paper 'examines some of the underlying reasons for the continued increase in executive directors' remuneration. It reports the results of 40 interviews with protagonists in the remuneration debate in FTSE 350 companies, exploring the types of change made and the reasons given for these changes.'



Deloitte Executive Pay publications cover FTSE SmallCap, FTSE 100, FTSE 250 in separate annual reports.


KPMG publish an annual survey which includes data on salary, bonuses, share plans and long-term incentives. Until 2009 published under the title 'Survey of directors' compensation' which also included data on non-executive director's fees.


PwC publishes annual non-executive director fees survey, which provides an analysis of fee levels and trends within the FTSE 100 and the FTSE 250 and small cap companies.

MM&K Chairman and non-executive director survey

Annual Life in the Boardroom survey published by remuneration consultancy MM&K which includes information on fee levels, time commitments and attitudes to all aspects of their jobs from non-executive directors sitting on the boards of FTSE 350, Small Cap, AIM, private and multi-national groups. Also contains a section covering all aspects of the work of the remuneration committee and a section on directors’ views on board appraisal.

High Pay Centre

The HPC is an independent non-party think tanks and publishes an annual report on FTSE 100 CEO remuneration. An index of HPC reports can be found here

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