Diploma plc: CEO departure deemed to be in the shareholders’ interest FTSE 250 listed Diploma plc appointed in April of 2018 Richard Ingram as Interim Chief Executive ahead of the anticipated retirement of long-serving CEO, Bruce Thompson in May. The Remuneration Committee agreed to compensate Ingram for existing incentives from his previous employment which comprised […]
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As reported in the FT today, the 20th edition of the Manifest Total Remuneration Survey is now online. The first report was published after the Greenbury Report and over the years the survey has become a staple and trusted resource to support engagement on executive pay by investors, issuers and regulators alike. Headline numbers do not tell the whole […]
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As the UK Government moves towards more detailed legislative proposals for enhancing corporate governance, it has published a list of “some of the worst excuses for not appointing women to FTSE boards”. Around 30% of FTSE350 companies have few or no women on their boards or in senior roles. According to the research, which is being published as […]
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Corporate governance researcher Equilar has found a median chief executive officer (CEO) pay ratio of 140:1 following an anonymous survey of 356 US public companies. Equilar asked the companies how they plan to report on this in their 2018 proxy statements. In 2015, the Securities and Exchange Commission (SEC) passed a ruling that required public companies to report the ratio […]
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In its annual review of the pay of FTSE 100 chief executives and average UK employees the High Pay Centre, now working with the Chartered Institute of Personnel and Development (CIPD), found that by 4th January, dubbed Fat Cat Thursday, the UK’s top bosses made more money than the typical UK full-time worker will earn in […]
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The Investment Association (IA), which represents the UK’s asset management industry, has launched its public register of listed companies which have had significant shareholder rebellions. The IA proposed its development in its response to the government’s green paper on corporate governance in 2016 and was asked to go ahead with the launch of the government’s […]
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The chairman of housebuilding company, Persimmon, Nicholas Wrigley is to step down from his post once a successor has been found and Jonathan Davie, senior independent director and chairman of the remuneration committee resigned after taking responsibility for the lack of a cap on the firm’s long-term incentive plan (LTIP). Persimmon said it had introduced the LTIP […]
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Financial exchange group Deutsche Börse has introduced a cap on the total remuneration of its executive board members. The company said the decision to introduce the cap was taking at its supervisory board meeting this week and was part of the continuing development of its executive board remuneration system. The annual remuneration of the executive board, including […]
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The UK government is to require companies to publish pay ratios between chief executives – based on their total remuneration – and their average UK worker. This was among the actions outlined in the government’s response to its corporate governance green paper consultation which ended earlier this year. The government said that the pay ratio information: […]
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The UK government has signalled that it will taking a shareholder and stakeholder market-based approach to governance reform rather than introducing more rules on executive pay. According to early briefings reported in the on Financial Times (FT) and Daily Telegraph he government’s response to the consultation on its corporate governance paper green paper, will published next […]
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