The government has announced plans to introduce a new register of those publicly listed companies where at least 20 per cent of investors are unhappy with the amount its executives are paid. Proposed measures will be published this week, aimed at improving corporate governance of UK companies and boardroom behaviour, with the register being amongst…
Expert interview with Nicki Demby, adviser to boards of FTSE 350 companies with over 25 years’ experience in advising companies in the UK and internationally on remuneration strategy, pay benchmarking, short and long term incentive design, the effective communication of reward and consultation with institutional investors. Speaking at a FTSE 100 NEDonBoard panel event, we…
The position of a non-executive director for a bank is part-time, yet is paid more than five times the national average full-time wage. This discrepancy is so-called ‘danger money’- a rise in pay as a result of reforms that can allow bankers to be held accountable for mistakes. These penalties go so far as jailing executives,…
The non-executive director (NED or NXD) continues to evolve, grow and expand. This trend for finding the best non-execs for your board seems to be growing steam. Here are 2 facts showing the NED role is opening up. Legal definitions evolving The Institute of Directors (IOD) has discussed the legal application of 2006 Companies Act to…
One non-executive position that is often viewed with an exceptional amount of ambiguity is the assignment to the remuneration committee. The remuneration committee is a board within the board that is established for the purpose of ensuring that all remuneration arrangements work within the structure of the business strategy for the purpose of the motivation,…
