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Directors' Remuneration Report

Plan. Prepare. Report.

Directors’ pay policy and disclosure: your unique compliance guide

Updated for 2022 reports and the 2023 AGM season

Here’s a valuable, simple to use, online guide to help you put together your directors’ remuneration report. This is particularly important for 2022 reports: Although restrictions were mostly lifted early in 2022, businesses continued to feel Covid’s impact. As the year went on, other factors such as the war in Ukraine, energy prices, high inflation, the soaring cost of living and post-Brexit issues all contributed to continued economic uncertainties.
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 2022 reports and the 2023 AGM season, incorporating investors’ updated guidelines, and the increased focus on ESG factors and enhanced disclosures.


 

The 2023 AGM season may well be challenging, with ever-greater scrutiny from investors and proxy advisors looking for fairness in executive pay and alignment with the stakeholder experience.

In preparing implementation reports for 2022 and new policies, and reviewing pay packages, potential bonuses and vestings, remuneration committees need to ensure, more than ever, that they have a thorough understanding of stakeholder perspectives, full information, and the appropriate powers and support to carry out their functions.

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
  • 2022 reports and planning for 2023

    Details of the issues to consider on executive pay for preparing 2022 reports and planning 2023 pay

    2022 reports and planning for 2023
  • 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

2022 reports and planning for 2023

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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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