On 10 December 2018, updated Directors' Remuneration Reporting Guidance was published by the GC100 and Investor Group.

The main updates, which largely reflected the additional requirements introduced by the Companies (Miscellaneous Reporting) Requirements 2018, include:

  • The requirement for companies to provide a summary of any discretion exercised in the award of directors' remuneration within the committee chair's annual statement.
  • Guidance on the new requirement for companies to disclose the proportion of the remuneration that has been apportioned to share price appreciation and whether discretion has been exercised as a result of fluctuations in the share price value.
  • Guidance for companies that are required to disclose pay ratio tables on how to prepare consistent reports, structure information and how to calculate required statistics.
  • Guidance on the requirement for companies to disclose, in their remuneration policies, an estimation of maximum director remuneration with share price appreciation at 50% in one financial year.

The GC100 and Investor Group's Directors' Remuneration Reporting Guidance 2018 can be found here.

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