UK Directors’ Remuneration Reporting Guidance

On 22 July 2019, the GC100 and Investor Group in the UK published a revised version of its directors' remuneration reporting guidance. The amendments reflect the changes to reporting requirements introduced by the Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019 which came into force on 10th June 2019, implementing the revised Shareholder Rights Directive in the UK. The principal changes to the guidance include:

  • Regulatory definitions for the employee comparator group and directors that are required when calculating percentage change in pay;
  • Discussion of measures taken to avoid or manage conflicts of interest in relation to determination, review and implementation of the remuneration policy; and
  • Extension of coverage to include those considered to be CEO or deputy CEO, even where they are not appointed as directors

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