Tag: IA
News round-up: this week in governance
UK Corporate Governance Code and limits to board tenure; investment industry’s focus on inclusivity; cults and corporate accountability.
Government backs payment in shares for non-executive directors
Treasury reforms are aimed at streamlining regulation in order to promote UK growth, and include changes to the Public Register.
Shareholders vote against high pay
Investor opposition to remuneration reports is growing, according to data from this year’s FTSE 350 AGM season.
Updated UK stewardship code eschews mentioning ‘environment’
In the light of consultation, the Financial Reporting Council has revised the code to cut ‘unnecessary reporting’ and improve engagement.
Boards seek shareholder backing for higher executive pay
Many companies are looking to change their executive remuneration policies, research into annual reports shows.
Executive pay guidelines declare the need for ‘case-by-case’ assessment
There should be a ‘clear rationale’ that aligns remuneration with a firm’s purpose, values and goals, says the Investment Association.
Fund managers urge caution over executive pay
‘There needs to be clear alignment between pay and performance,’ writes the Investment Association in an open letter.