Executive remuneration has remained high on the agenda this year. There have been two main drivers for this. First, in a process instigated and led by Vince Cable, there has been the development of a wave of new regulation intended to empower shareholders through greater transparency and a binding vote on remuneration. This has yet to be finalised, but is expected to take effect from October 2013. Secondly, at a number of companies, shareholders have expressed dissatisfaction with aspects of executive pay – since termed the ‘shareholder spring’.
Against this backdrop KPMG’s Guide to Directors Remuneration 2012 looks at market practice in relation to executive pay and incentives and non-executive directors’ fees in FTSE 350 companies. It also considers the nature of shareholder reaction to pay and possible implications for the future.
