• Register
Return to: Home > News > UK government offers FAQs on remuneration rules

UK government offers FAQs on remuneration rules

The UK government has published answers to frequently asked questions (FAQs)on the new Companies (Directors’ Remuneration Policy and Directors’ Remuneration Report) Regulations 2019. The new rules came into operation on 10 June 2019 and these FAQs provide an overview of the changes to, timing and scope of the regulations.

Among the changes introduced in the new regulations, more detail must be provided on remuneration policies; the remuneration report must compare the annual change of each director’s pay to the annual change in average employee pay, over a rolling five year period; and the report must set out any changes made to share options granted or offered and the main conditions for the exercise of these rights including the exercise price and date, compared to the previous year.

The regulations apply to UK-incorporated companies whose shares are on the FCA’s Official List7, listed in the European Economic Area or admitted to dealing on the New York Stock Exchange or Nasdaq (quoted companies) and/or are traded on a regulated market in the UK or the EEA (traded companies).

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.