This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

GC100 and Investor Group issue updated directors' remuneration reporting guidance

  • Book badge (green) Image

01 Aug 2019

The GC100 and Investor Group has published updated guidance ("the guidance") to assist directors of listed companies to apply the directors’ remuneration report requirements set out in The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 ("the regulations”) as amended.

The guidance, which was previously updated in 2016 and 2018, is designed to assist companies and their investors in the interpretation of the regulations.

An updated version of the guidance has been issued as a result of the implementation of the revised Shareholder Rights Directive (SRD II).  Key changes include:

  • Regulatory definitions for the employee comparator group and directors that are required when calculating percentage change in pay.
  • Discussion of measures taken to avoid or manage conflicts of interest in relation to determination, review and implementation of the remuneration policy.
  • Extension of coverage to include those considered to be CEO or deputy CEO, even where they are not appointed as directors.

The updated guide is available on the Practical Law website here.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.