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Major publications on Directors' remuneration

New requirements introduced by The Companies (Miscellaneous Reporting) Regulations 2018 came into force for accounting periods beginning on or after 1 Janury 2019. 

For December 2020 year end reporters, further new requirements introduced by the Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 (SI 2019/970) (the 2019 Regulations), come into force.  These Regulations which partially implement the Shareholders Rights Directive extend the scope of remuneration reporting to include unquoted traded companies and introduce new requirements in respect of the directors’ remuneration policy and the directors’ remuneration report.  In particular the remuneration report must now include:

  • a comparison of the annual change of each director’s pay to the annual change in average employee pay, over a rolling five year period.
  • the split of fixed and variable pay for each director, as two additional columns to the existing ‘Single Figure’ table.
  • any changes made to share options granted or offered and the main conditions for the exercise of these rights including the exercise price and date, compared to the previous year.

The changes in the 2019 Regulations to the requirements for quoted companies on the remuneration policy apply in respect of any new policy brought to shareholders for approval on or after 10 June 2019, while the changes to remuneration reporting take effect in respect of financial years starting on or after 10 June 2019.

In June 2019 the government published some guidance and answers to frequently asked questions about these regulations. The GC 100 and Investor Group has also published updated guidance to assist directors of quoted (and, for periods commencing on or after 10 June 2019, traded) companies to apply the requirements.

This page includes all of our major publications on Directors' remuneration.

Latest publications

Governance in focus — On the board agenda 2021

10 Dec 2020

As 2020 draws to a close, our annual review of board topics will stimulate your thinking and help prepare you for the year ahead.

Annual report insights 2020-Surveying FTSE reporting

29 Oct 2020

Our latest annual reporting survey, Annual report insights 2020, provides insights into practices in annual reporting, focusing on areas where requirements have changed, where regulators are focusing or where innovative practices are emerging.

Need to know — Government publishes new company reporting requirements for private and public companies in response to its consultation on Corporate Governance Reform

21 Jun 2018

The Companies (Miscellaneous reporting) Regulations 2018 (the draft Regulations) have been laid before Parliament and make the legal changes necessary for the Government’s package of corporate governance reforms announced by the Department for Business, Energy and Industrial Strategy (BEIS) in August 2017.

Governance in brief — BEIS issues legislation to deliver key corporate governance reforms

20 Jun 2018

The Companies (Miscellaneous Reporting) Regulations 2018 have been laid before Parliament. These represent the legislative strand of the Government’s package of corporate governance reforms announced by BEIS in August 2017.

Governance in brief — BEIS Select Committee inquiry report calls for reforms to the UK Corporate Governance Code and greater enforcement

25 May 2017

A next step in the corporate governance reform agenda has been the publication in April 2017 of the BEIS Select Committee inquiry report.

Governance in brief — Government issues Green Paper on corporate governance reform

02 Dec 2016

The Department for Business, Energy & Industrial Strategy (BEIS) has issued a Green Paper seeking views on how to improve the UK corporate governance framework and setting out options for updating the framework and reforming executive remuneration. The aim of the Green Paper is to consider what changes might be appropriate in the UK corporate governance regime to help ensure that we have an economy that works for everyone

Governance in focus: Audit committees in 2016 — refocusing the agenda

13 Jul 2016

Another reporting and AGM season is over but as we approve interim results, inevitably we look at agendas for the rest of the year. At our Centre for Corporate Governance we want to help you set your agenda, which is why we have provided you this half year round-up of areas your audit committee will need to consider during the remainder of your meetings in 2016 and into 2017.

Be careful what you wish for - Simplifying executive pay

15 Apr 2016

In a few weeks’ time we expect the Investment Association Working Group to publish proposals for a ‘radical simplification’ of executive pay arrangements For some years media commentators, investor bodies and some investors have vilified the complexity of pay arrangements for company directors. Simple but effective remuneration is the Holy Grail of the executive remuneration world. But it is not entirely clear what is meant by complexity and it is not certain that this is the real problem. The real problem as we see it, is not really about complexity, but about making sure that the pay of directors is fair and transparent to the directors themselves, shareholders and to the outside world. This publication explores the complexity of the real problem and analyses the individual elements of the remuneration package to determine what structure would be best for companies.

Directors' remuneration in FTSE 100 companies — the story of the 2015 AGM season so far

20 Oct 2015

The second year of reporting under the new disclosure regulations is now in full swing and over two-thirds of FTSE 100 companies have published their directors' remuneration report so far in the 2015 AGM season. This represents companies with financial years ending on or after 30 September 2014 up to and including those with years ending in January 2015. Over 80% of these companies have already held their 2015 AGM. In this review we focus on how shareholders are responding to the second year of reporting under the new regulations and we also include some preliminary findings from our main report on directors' remuneration in FTSE 100 companies, which will be published in the autumn.

Directors' remuneration in FTSE 100 companies — the story of the 2014 AGM season so far

30 Jun 2014

This review focuses on how shareholders are responding to the new style directors' remuneration reports and also includes some preliminary findings from our main report on directors' remuneration in FTSE 100 companies which will be published in September. There are some interesting trends emerging which suggest that shareholders are successfully influencing how directors' remuneration is structured . It is encouraging that this has tended to be the result of consultation prior to the vote rather than shareholders finding it necessary to use the vote to effect a change.

The new remuneration report — Second impressions

27 Jun 2014

This publication from Deloitte shares our second impressions of how companies are addressing the new Directors' Remuneration Report requirements. Our review covers the reports of six FTSE 100 constituents with a financial year ending on 30 September 2013 and 47 of those with financial years ending in December 2013.

The new remuneration report — First impressions

30 Jan 2014

This publication from Deloitte shares our first impressions of how companies are addressing the new Directors' Remuneration Report requirements. It is based on the reports of 17 companies with a financial year ending on 30 September 2013, which were the first to have to comply with the new requirements.

Governance in brief — 2013 holiday briefing on the latest governance developments

20 Dec 2013

This publication from Deloitte provides a summary of the latest corporate governance developments for the 2013 reporting season.

A new beginning — Annual report insights 2013

31 Oct 2013

Deloitte’s publication ‘A new beginning – Annual report insights 2013’ is based on a survey of 100 listed UK companies’, looking at the structure and contents of their 2012/13 annual reports. Our findings, including examples of good practice and tools to help preparers of accounts, are discussed in this publication.

Governance in focus: The 2013 audit committee reporting season: New rules or a new regime?

30 Oct 2013

Very significant changes have been introduced for 30 September year ends onwards and some of the key elements have only been finalised very late in the day. In addition, the Competition Commission’s final report, issued earlier this month, will require a shareholder vote on whether the Audit Committee Report is satisfactory with effect from the last quarter of 2014. This will enhance the visibility of the role and work of the Audit Committee as a whole and the Chair in particular. In this Governance in focus we provide a summary of the changes facing boards, audit committees and auditors and how they will impact the 2013 audit committee reporting season; we provide observations on early adopters and we also outline a framework for the new style audit committee report.

Governance in brief: FRC consultation on directors' remuneration

07 Oct 2013

This publication from Deloitte discusses the Financial Reporting Council's (FRC's) consultation on whether to amend the UK Corporate Governance Code to address a number of matters relating to executive remuneration.

The new remuneration report: Disclosure regulations

30 Jun 2013

This publication from Deloitte (UK) provides provides greater detail to that contained within the 'Need to Know' and 'Governance in brief' publications on the new directors' remuneration report regulations issued by the United Kingdom Department for Business, Innovation and Skills (BIS) which will come into force for periods ending on or after 30 September 2013. The guidance is targeted at remuneration committee members to help them prepare for the 2014 remuneration report and the binding vote.

Governance in brief: Directors' remuneration report - new regulations laid

26 Jun 2013

This publication from Deloitte (UK) discusses the new directors' remuneration report regulations issued by the United Kingdom Department for Business, Innovation and Skills (BIS) which will come into force for periods ending on or after 30 September 2013. Whilst this publication contains similar information to the 'Need to Know' publication, it is primarily for Non-Executive directors.

Need to Know - New directors' remuneration report regulations laid before parliament

26 Jun 2013

This publication from Deloitte (UK) discusses the new directors' remuneration report regulations issued by the United Kingdom Department for Business, Innovation and Skills (BIS) which will come into force for periods ending on or after 30 September 2013.

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