More simplicity with more flexibility in new remuneration guidance

The Association of British Insurers have published the 2012 update to their Principles of Remuneration, with a number of key changes focusing on simpler remuneration structures while offering flexibility for special cases. Two new paragraphs have been inserted in the Principles, while content from the former Appendix is moved to an expanded Guidance section as part of More…

De-mystifying Directors Pay

 What should directors be paid? When and how to motivate for sustainable returns are key questions for remuneration committees and shareholders alike.  On the face of it they are easy questions to ask but good answers require a detailed framework of knowledge. To help shed some light on the complexities of executive remuneration,  Manifest’s long standing associate Cliff More…

What works for exec pay: Internal metrics or peer group benchmarks?

Are executive pay peer group benchmarks the new credit ratings?

New research from the Investor Responsibility Research Centre Institute (IRRCi) suggests that over-dependence on peer group benchmarking for setting executive pay is the root cause of pay inflation in the USA and that a holistic, business-centric approach to setting reward is needed by boards, investors and regulators, including the More…

UK Government announces its remuneration policy at last

Guest post by Damien Knight, Director, MM&K Ltd

The Coalition Government, through the Department for Business, Innovation and Skills (BIS), has been consulting regularly since September 2011 about what it could do to reign in ‘excessive’ executive pay and strengthen the link between pay and performance in major companies.  Today (June 20th 2012) the Business Secretary, Vince Cable, announced More…

10% pay increases for CEOs - FTSE100 Top pay reaches £4.8 million

The Manifest/MM&K Executive Director Total Remuneration Survey for 2012 was launched at a seminar in London on Tuesday, 12th June.

The Manifest/MM&K Survey is the most authoritative and up to date analysis of published information on the pay practices of 642 listed companies.

This year’s data shows:

FTSE100 Remuneration Committees and boards continue to award increases well More…