In 2019 the debate around executive remuneration remained firmly in the spotlight. Over the course of last year, the remuneration committees of the UK’s largest listed companies have been reacting to changes in the UK Corporate Governance Code and wider landscape, with pensions, long term alignment and trust all being key themes.
Executive pensions in particular grabbed many of the headlines as companies grappled with how best to achieve ‘alignment’ in contribution rates for directors and the wider workforce. Post-employment shareholding requirements was also an area where market practice began to emerge. Both of these topics are likely to feature again in 2020 as many companies put their new remuneration policies to a shareholder vote.