Conduct intrinsically immoral, such as killing someone or burning his house.

Conduct treated as contrary to the public interest, whether at common law or by statute.

Malus is an additional hurdle to the vesting of a share incentive award under which, if a material adverse event takes place, the company can reduce or extinguish the amount the awardholder may otherwise receive under that award. For further information.

FORTHCOMING CHANGE: On 7 September 2026, the Department for Business, Innovation, Science and Trade published a consultation setting out the government’s proposals to amend the UK’s corporate reporting framework. The key proposals in relation to remuneration included the following: (i) removal of the annual advisory shareholder vote on the directors’ remuneration report, (ii) streamlining or removal of accumulated director shareholding and option-holding disclosures, (iii) removal of CEO: employee pay ratio reporting, and (iv) removal of several other statutory disclosures including malus and clawback policies and their operation during the year, alignment between directors’ remuneration and wider workforce pay, and the company’s response to significant shareholder dissent. Some of the matters proposed for removal from legislation—notably malus and clawback, workforce alignment, engagement and responses to shareholder dissent—would continue to be addressed under the UK Corporate Governance Code for companies subject to it, on a ‘comply or explain’ basis. The consultation closes on 30 November 2026, and the government has said that

Software designed to infiltrate or damage a computer system without the owner’s informed consent.

Law360, London: England's highest football league and Manchester City Football Club said on 8 September 2025 that they have settled their arbitration dispute about rules governing interclub deals and companies linked to club proprietors.

The National Crime Agency (NCA) has reported that a 42-year-old Czech national has been convicted of money laundering offences under the Proceeds of Crime Act 2002. Lukas Pokorny was arrested at Glasgow Airport on 8 November 2020 before boarding a flight for Dubai. The arrest follows an investigation by the NCA and Police Scotland into the export of cash from the UK to Dubai. The man was found to have three suitcases containing a total of over £860,000. He was unable to provide keys to unlock the luggage, or to say who they belonged to or what they contained.

The Inner London Crown Court found Mohammed Hussain guilty on two counts of fraud by false representation and sentenced him to 18 months imprisonment on each count, to run concurrently, suspended by two years. Hussain tricked an elderly man into handing over his bank card and PIN by pretending to be a policeman and ordered him to withdraw £4,000 from his bank account. Hussain spent over £1,800 on a shopping spree using the victim’s cards.

A man has been sentenced to nine months in jail for hacking National Lottery accounts in November 2016 and selling user log-in details. Following an investigation by the National Crime Agency, 29-year-old Anwar Batson of London admitted to four offences under the Computer Misuse Act 1990 and one fraud charge at Southwark Crown Court on 13 January 2020. Mr Batson initially denied the charges, claiming his devices had been cloned or hacked, however officers found evidence on his devices, as well as belongings that had been posted to his home and addressed to ‘Rosegold’.

HM Revenue & Customs has reported that a man who has been jailed for nine years over tax fraud has now been ordered to repay £1.1m within three months or face an additional seven years in prison and still owe the money. Jason Butler forged hundreds of fake invoices to claim millions in VAT. He used the money to buy expensive cars, a speedboat, and luxury homes in Leeds and Marbella. He now faces having to sell some of his assets to repay the £1,112,670.

UK Finance has reported that Paul Williams, 38, a former bank employee in Kensington who was found to have committed £731,555 of fraud by abusing his position within the bank to access customers’ bank accounts between June 2016 and August 2016, has been sentenced at Inner London Crown Court to four years in prison.

The Crown Prosecution Service (CPS) has reported that on 20 April 2023, Tejay Fletcher pleaded guilty to multiple charges stemming from his involvement in running a website, ispoof.cc, following the largest fraud investigation that has ever taken place in the UK. The website was used both in the UK and internationally, with total losses exceeding £43m suffered by over 200,000 victims of frauds enabled by iSpoof in the UK and total global losses estimated to surpass £100m. Fletcher played a leading role as the website administrator for the majority of the time the website was operating and pleaded guilty to making or supplying articles for use in fraud, encouraging or assisting the commission of an offence, possessing criminal property and transferring criminal property at Southwark Crown Court.