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Directors' Remuneration Report

Plan. Prepare. Report.

Directors’ pay policy and disclosure: your unique compliance guide

Updated for 2021 reports and the 2022 AGM season, with March 2022 further updates

Here’s a valuable, simple to use, online guide to help you put together your directors’ remuneration report. This is particularly important for 2021 reports, in view of the continuing impact of the Covid-19 pandemic and the pressure to take into account the wider experience of the company's stakeholders when setting executive pay.
This guide enables users to get to grips quickly and easily with the complex and fast-changing topic of pay for directors of quoted companies.

Why use this guide?

This is an essential knowledge and training guide as well as a practical guide to the law and practice in this area. 

By using this guide, companies which need to manage their legal spend carefully can do a first compliance review “in-house”, reducing the level of review required by external lawyers.

This guide has now been updated for 2021 reports and the 2022 AGM season, including investors’ updated and Covid-related guidelines, and the increased focus on ESG factors and enhanced disclosures.


 

Remuneration for directors of public companies has been under relentless political, media and public scrutiny. Companies should expect a great deal of scrutiny on their executive pay response to Covid-19 both for pay outcome and proposed grant sizes. Companies and remuneration committees must, more than ever, ensure they are rewarding directors appropriately for performance.

There is a plethora of rules around both design and disclosure of directors’ pay: legislation, industry and government guidance, market practice and investors’ expectations. In addition, part of the remuneration report has to be audited.

The online guide consists of the following sections

  • Directors Remuneration Report

    An introduction to the online guide and what it covers

    Directors Remuneration Report
  • 2021 reports and planning for 2022

    Details of the issues to consider on executive pay for preparing 2021 reports and planning 2022 pay including the impact of Covid

    2021 reports and planning for 2022
  • Sources

    List of and information on the legislation and guidance which the Guide covers

    Sources
  • Overview

    Details of how the remuneration rules apply to companies

    Overview
  • Remuneration Policy

    The remuneration policy – detailed rules and commentary

    Remuneration Policy
  • The implementation report

    The implementation report – detailed rules and commentary

    The implementation report
  • Single Figure Table details

    Details of what goes where in the single figure table disclosure of directors’ pay, plus sources and commentary

    Single Figure Table details
  • CEO: UK employee pay ratios

    A step by step guide to producing the ratios table disclosure, including explanation and sample prescribed narrative

    CEO: UK employee pay ratios
  • Legislation and Guidance

    Links to the legislation and guidance covered in the Guide

    Legislation and Guidance
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Directors' Remuneration Report

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DRR 2022 report

2021 reports and planning for 2022

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Sources

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Overview of how the rules work

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Remuneration Policy

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Implementation Report

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Single Figure Table details

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CEO: UK employee pay ratios

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Legislation and Guidance

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You can also download a print-friendly version of the guide to keep and /or print selected sections of the guide.

For more information on how to access the guide, contact us.

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