On 11 November 2015, the Investment Association published its 2015 principles of remuneration. These are an updated version of the previous Association of British Insurers ("ABI") remuneration principles.
These principles set out the Investment Association's view of the role of the shareholders and the remuneration committee in relation to director's remuneration.
There are no significant changes to the principles other than a statement that Investment Association members expect long-term incentive plan awards to have a total performance and holding period of at least 5 years.
The 2015 principles can be accessed at:
https://www.ivis.co.uk/media/11101/Principles-of-Remuneration-2015-Final.pdf
For a summary of the previous ABI remuneration principles, our Q4 2013 Governance and Securities Newsletter is available at:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
