2018 UK Corporate Governance Code—Section 5—Remuneration
2018 UK Corporate Governance Code—Section 5—Remuneration

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

  • 2018 UK Corporate Governance Code—Section 5—Remuneration
  • Coronavirus (COVID-19) investor guidance
  • Mini-index
  • Section 5—Setting the scene
  • Principle P
  • Principle Q
  • Principle R
  • Provision 32
  • Provision 33
  • Provision 34
  • More...

2018 UK Corporate Governance Code—Section 5—Remuneration

This Resource Note outlines the main provisions of Section 5 of the UK Corporate Governance Code (UKCG Code), on ‘Remuneration’, and highlights relevant third party materials, guidance, commentary and analysis, as well as 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 (November 2020)

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

  4. the 2021 United Kingdom and Ireland Proxy Voting Guidelines published by Institutional Shareholder Services (ISS)

  5. the Stewardship and Voting Guidelines 2021 published by the Pensions and Lifetime Savings Association (PLSA)

  6. the Shareholder Voting Guidelines, published by Pensions & Investment Research Consultants Ltd (PIRC), available to purchase from PIRC's website

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

  8. resources in the Corporate practice area

Coronavirus (COVID-19) investor guidance

A number of investor bodies have issued guidance regarding investors’ expectations around executive remuneration during the coronavirus (COVID-19) pandemic. For further details, Practice Note: Coronavirus (COVID-19) impact on executive pay.

Mini-index

Section 5—Setting the scene

Principle P

Principle Q

Principle R

Provision 32

Provision 33

Provision 34

Provision 35

Provision 36

Provision 37

Provision 38

Provision 39

Provision 40

Provision 41

Notes

Section 5—Setting the scene

In a nutshell...Section 5 deals with remuneration policies
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