Directors' pay: shareholders to have final say
During the past year, Shoosmiths has outlined some of the changes proposed by the government in relation to directors’ remuneration.
Those proposals have now come to fruition with the Enterprise and Regulatory Reform Act 2013. The act introduces a new legal framework for remunerating directors of quoted companies and, for the first time, attempts to establish a statutory-based link between pay and performance by giving shareholders a say in remuneration policies.
The new legislation amends Companies Act 2006 provisions and introduces a number of key changes for quoted companies, essentially companies registered in the UK with equity listed on the main market in the UK, in another state in the EEA, on the New York Stock Exchange or on NASDAQ (this does not include AIM-listed companies)…
If you are registered and logged in to the site, click on the link below to read the rest of the Shoosmiths briefing. If not, please register or sign in with your details below.
News from Shoosmiths
News from The Lawyer
Briefings from Shoosmiths
How do public sector landlords tackle the problem of access in respect of gas safety inspections and fire safety risk in leasehold properties?
OFT launches a market study into residential property management services to leaseholders in England and Wales
The OFT has launched a market study into residential property management services that will look at how the market is working for leaseholders and freeholders in England and Wales.
Analysis from The Lawyer
Compliance and corporate governance codes for large financial institutions will undoubtedly include provisions to regulate high pay in the future
There’s more to the ABS model than attracting the man in the street and procuring external investment. Partners at the big corporate firms, take note…