The UK Corporate Governance Portal - Executive pay
Executive pay has been a hot topic for some time, particularly in relation to UK incorporated quoted companies. The UK Government consulted on ways to strengthen the link between pay and performance and addressed the issue through greater transparency, enhanced shareholder voting rights and more diversity in board rooms. Reforms to the executive remuneration framework took effect from October 1, 2013 but it continues to be an issue at many AGMs and an Executive Remuneration Working Group established by the Investment Association published a report on the topic in July 2016. A number of organisations have considered the issue of executive remuneration and bodies representing institutional investors have their own guidelines on executive pay and performance, severance pay, golden parachutes and executive compensation generally. A BIS Select Committee is currently considering issues around executive pay.
Executive remuneration framework
Institutional investor guidance
Other reports and developments