2016 UK Corporate Governance Code—Section D—Remuneration
2016 UK Corporate Governance Code—Section D—Remuneration

The following Corporate guidance note provides comprehensive and up to date legal information covering:

  • 2016 UK Corporate Governance Code—Section D—Remuneration
  • Mini-index
  • Section D—Setting the scene
  • Section D.1—The Level and Components of Remuneration
  • Section D.2—Procedure
  • Notes

This Resource Note outlines the main provisions of Section D of the 2016 UK Corporate Governance Code (UKCG Code), on 'Remuneration', and highlights relevant third party materials, guidance, commentary and analysis, as well as our own resources, to give practical guidance on its application.

Materials covered in this Resource Note include:

  1. the Financial Reporting Council (FRC)'s 2018 Guidance on Board Effectiveness

  2. the Investment Association (IA)'s Principles of Remuneration 2019

  3. various guidance issued by the Chartered Governance Institute (previously known as ICSA: The Governance Institute)

  4. the 2020 United Kingdom and Ireland Proxy Voting Guidelines issued by Institutional Shareholder Services Inc (ISS)

  5. the Stewardship Guide and Voting Guidelines 2020 published by the Pensions and Lifetime Savings Association (PLSA)

  6. the UK Shareowner Voting Guidelines, published by Pensions Investment Research Consultants Ltd (PIRC), available for purchase from PIRC's website

  7. the Local Authority Pension Fund Forum (LAPFF)'s LAPFF Expectations for Executive Pay (March 2013) (available from LAPFF website)

  8. resources in the Corporate practice area

Mini-index

Section D—Setting the scene

Section D.1—The Level and Components of Remuneration

Section D.2—Procedure

Section D—Setting the scene

In a nutshell… Section D covers level and components of remuneration and the procedure for developing policy on executive remuneration and for fixing the remuneration packages of individual directors.