GC100 and Investor Group publish Directors' Remuneration Reporting Guidance
24 September 2013
Representatives of the GC100 and Corporate Governance Forum have published guidance aimed at assisting quoted UK companies to understand the practical aspects of implementing the new executive remuneration reporting requirements which take effect on 1 October 2013.
Key issues
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The remuneration policy should normally be put to a shareholder vote every three years rather than annually
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The Guidance recommends some disclosures that go beyond legislative requirements in order to assist investors to make informed voting decisions
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Companies may wish to consider including an "emergency" discretion in their remuneration policy for genuinely unforeseen or exceptional circumstances
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On ceasing to be commercially sensitive, information on targets/performance measures should be disclosed
- Remuneration policies should take effect on approval at the AGM
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