On 4 November 2022, Institutional Shareholder Services (ISS) published its 2023 benchmark policy consultation, seeking views on its proposed amended voting policies for 2023. For the UK, with respect to remuneration, the ISS is seeking views on:
The ISS expects to announce its final 2023 benchmark policy changes in early December and the revised policies, which apply to shareholder meetings on or after 1 February 2023.
On 3 November 2022, the FRC published its annual review of corporate governance assessing the quality of reporting against the UK Corporate Governance Code. With respect to remuneration:
If you would like to discuss any of these developments, please do not hesitate to get in touch with the usual members of your Baker McKenzie team.
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