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.

Governance in brief: FRC consultation on directors' remuneration

Published on: 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 FRC is consulting on three specific issues requested by the Government: 

  • Clawback arrangements;
  • Whether non-executive directors holding executive positions in other companies should sit on the remuneration committee; and
  • Any actions that should be taken if a company fails to obtain a substantial majority in support of a resolution on remuneration. 

Responses to the consultation are requested by 6 December 2013. If any changes are subsequently proposed, they will be subject to consultation in the first quarter of 2014. The new Code would apply to accounting periods beginning on or after 1 October 2014.

Download

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.