GC100 and Investor Group issue updated directors' remuneration reporting guidance
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.
