Executive Pay in Smaller Companies – Key challenges for companies outside the FTSE 350
15 December 2011
The Coalition Government has executive remuneration firmly in its sights. High on the agenda is a call for companies to more clearly explain the link between remuneration and company performance/strategy and to show restraint.
Our research highlights that companies outside the FTSE 350 have exercised significant restraint from a pay perspective during the economic downturn. However, given the potential for even greater disclosure on the link between pay and performance arising from regulation, the linkage between KPIs and incentives should be re-evaluated to ensure payouts will be fair, aligned with investors interests and overall company performance.
This New Bridge Street seminar is aimed at both non-executive and executive directors – as well as other key players such as HR/Reward professionals and Company Secretaries – and will focus on the many challenges faced by smaller companies in the current environment, such as:
- The link between director and wider workforce pay.
- The use of KPIs in incentive plans.
- How best to structure annual and long-term incentives.
- The effective management of dilution limits – particularly where large awards were made at more modest share prices in 2008 and 2009.
- Are clawback and/or “malus” clauses relevant outside the FTSE 350?
Also, as institutional investors exercise greater stewardship (with average votes against the remuneration report now at circa 10%), we will explore:
- What aspects of investor guidelines should be followed and what are more “aspirational”?
- Who to communicate with (fund manager and/or governance officer)?
- How best to communicate (e.g. role of RemCo chair, use of face-to-face meetings etc)?
Location
| Venue: | Merchant Taylors’ Hall, 30 Threadneedle Street, London EC2R 8JB |
| Date: | 15 December 2011 |
| Time: |
8.30 a.m. – 11.00 a.m. |
View full details here (PDF).