StanChart boss pay slashed 29% CEO Bill Winters’ pay packet has been reduced to £3.8m The CEO of Standard Chartered has seen his pay packet slashed by 29% with the bank reporting heavy profit falls due to the fallout from Covid-19. This means chief Bill Winters’ pay packet for the year has fallen to £3.8m, […]
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Companies plan to align ESG priorities with incentive plans Investor pressure and recognition of benefits are driving the change Companies around the world are accelerating their focus on environmental, social and governance (ESG) priorities as climate change and diversity issues gain prominence, but more work is needed. Over the next three years, four in five […]
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As the COVID-19 pandemic continues to evolve and cause economic disruption UK-listed companies are taking action to support their balance sheets and provide financial flexibility. In particular, many companies have adjusted their approach to capital allocations with some also reviewing its approach to executive and employee remuneration. Boards have difficult decisions to make and getting […]
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Business leaders agree ESG-aligned remuneration pledge A new manifesto aiming to align executive pay to ESG-related criteria has been welcomed by company CEOs. Gathering at the World Economic Forum’s (WEF) International Business Council meeting, held in Davos this week, the majority of company bosses gave their backing to an initiative to tie their remuneration to […]
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Median CEO pay falls, but is this the full story? When it comes to corporate governance, no topic is more contentious than the pay of top CEOs. The debate over whether companies pay their top executives excessively high salaries has been raging for years. Couple this with research from Edelman Trust showing that nearly two-thirds […]
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AGM Update: Following the 29 March AGM, Micro Focus disclosed that the Remuneration Report was defeated with a 50.4% vote against – on a non-binding basis. Shareholders have become accustomed to the concept of pay for performance, but pay for transactions rarely attract the same level of scrutiny. Micro Focus International plc (LON: MCRO) […]
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Blue Prism Group is overhauling its remuneration structure for the coming year with an increase in pay opportunity and the introduction of new long-term incentive awards. As Blue Prism is listed on AIM the company is not required to put its forward-looking remuneration policy to shareholders for approval, although they are offered a non-binding vote […]
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AIM & remuneration disclosure: still room for improvement Unlike their main market peers, AIM companies are not obliged to follow the detailed legislation surrounding executive pay practice. After AIM Rule 26 was changed in March 2018, they now just have to disclose which governance code they follow. For many, that will be the QCA Governance […]
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UK Governance Watch At JD Wetherspoon shareholders may hold concerns with the level of independence on the board. At the conclusion of the FTSE 250 pub owner and operator’s AGM the board will comprise three executive directors, Chairman Tim Martin – the company founder and controlling shareholder – and four non-executive directors. Of the four […]
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UK Governance Watch SIG plc is holding a general meeting on 7 November in order to seek shareholder approval of a new remuneration policy and long-term incentive plan (LTIP). In the FTSE250 industrial group’s annual report it was reported that the remuneration committee was conducting a review of executive pay and consulting with shareholders and […]
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