30 April 2020
In response to requests from listed companies, the IA published a statement on 27 April on how RemCos should reflect the impact of COVID-19 on executive pay. The statement can be accessed here.
The IA recognises the challenge that RemCos face at this time; juggling the need to incentivise management teams showing real leadership whilst ensuring their pay is aligned with the expectation of employees, investors and other stakeholders. The statement is a welcome steer and we have summarised the key points and our views on practical considerations for RemCos in this briefing.