Article

United Kingdom: Legal developments - remuneration reporting

30 April 2013

With a sharp increase in shareholder opposition to remuneration reports and the forthcoming new rules on remuneration reporting, now is the time to understand what the changes are and who they apply to.

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The key change is the requirement for shareholder approval of remuneration policies initially, annually whenever there is a change to the policy and in any case at least once every three years. This change applies to UK registered companies only: quoted companies with equity listed on the Main Market, EEA regulated market, NYSE or NASDAQ but not AIM traded companies or foreign registered companies.

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