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Remuneration committees - Navigating through the impact of COVID-19

Remuneration committees - Navigating through COVID-19

What does COVID-19 mean for Boards and Remuneration committees thinking about the 2020 performance year?

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chris-barnes

Partner

KPMG in the UK

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The early months of 2020 have seen COVID-19 spread across the world. Whilst countries rightly prioritise the health and safety of their people, many are also taking measures to protect businesses. Companies are also assessing the overall impact of COVID-19 on their businesses, and how they are going to adapt their strategies to survive.

As part of this business assessment, Boards and Remuneration Committees (RemCos) should consider what actions they should take around remuneration and incentives strategies.  

We set out in the attached article some key headline issues that Boards and, in particular, RemCos should consider over the coming weeks and months in relation to reward and incentive plans.  

Please contact Chris Barnes, Partner or Elizabeth Rankin, Senior Manager if you require further guidance on understanding and addressing the implications of COVID-19 for your remuneration strategy.

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