United Kingdom: FTSE 100 executive remuneration report

In brief

Our FTSE 100 executive remuneration report is now available here.

Compiling key information from our FTSE 100 remuneration review, the report highlights important trends in executive remuneration.


Contents

Compiling key information from our FTSE 100 remuneration review, the report highlights important trends in executive remuneration during the 2022 AGM seasons, including:

  • How executive remuneration is being structured
  • Prevalent performance conditions
  • ESG metrics in variable pay
  • Shareholding requirements
  • Pay ratios, increases, and changes
  • Gender and ethnic diversity on boards
  • Pension contribution equalisation

As executive pay has rebounded significantly in 2021 and 2022, these insights can assist with preparations for the 2023 AGM Season. However, as public perceptions on fairness have shifted acutely in the wake of the COVID- 19 crisis and the ongoing "cost of living" and energy crises, investors are becoming increasingly sensitive to executive pay packages and are urging RemCos to practice restraint in awarding and setting executive pay.

Arm yourself in advance of the 2023 AGM season with how FTSE 100 companies are responding to the challenges of providing a competitive remuneration package for their executives, while meeting the concerns of investors and the public.

If you would like to discuss the report details, please contact Jeremy Edwards or another member of the team. 


Copyright © 2024 Baker & McKenzie. All rights reserved. Ownership: This documentation and content (Content) is a proprietary resource owned exclusively by Baker McKenzie (meaning Baker & McKenzie International and its member firms). The Content is protected under international copyright conventions. Use of this Content does not of itself create a contractual relationship, nor any attorney/client relationship, between Baker McKenzie and any person. Non-reliance and exclusion: All Content is for informational purposes only and may not reflect the most current legal and regulatory developments. All summaries of the laws, regulations and practice are subject to change. The Content is not offered as legal or professional advice for any specific matter. It is not intended to be a substitute for reference to (and compliance with) the detailed provisions of applicable laws, rules, regulations or forms. Legal advice should always be sought before taking any action or refraining from taking any action based on any Content. Baker McKenzie and the editors and the contributing authors do not guarantee the accuracy of the Content and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the Content. The Content may contain links to external websites and external websites may link to the Content. Baker McKenzie is not responsible for the content or operation of any such external sites and disclaims all liability, howsoever occurring, in respect of the content or operation of any such external websites. Attorney Advertising: This Content may qualify as “Attorney Advertising” requiring notice in some jurisdictions. To the extent that this Content may qualify as Attorney Advertising, PRIOR RESULTS DO NOT GUARANTEE A SIMILAR OUTCOME. Reproduction: Reproduction of reasonable portions of the Content is permitted provided that (i) such reproductions are made available free of charge and for non-commercial purposes, (ii) such reproductions are properly attributed to Baker McKenzie, (iii) the portion of the Content being reproduced is not altered or made available in a manner that modifies the Content or presents the Content being reproduced in a false light and (iv) notice is made to the disclaimers included on the Content. The permission to re-copy does not allow for incorporation of any substantial portion of the Content in any work or publication, whether in hard copy, electronic or any other form or for commercial purposes.