Designing an executive remuneration policy
Designing a policy for executive pay packages is complicated. It must account for key factors such as your regulatory environment, corporate governance, risk management as well as the results you are aiming to achieve and the measures by which your corporate performance will be assessed in the markets in which you operate.
We can advise you on how to set appropriate pay packages for your organisation’s directors, board members and non-executive directors. We will help you to determine basic pay and benefits, long-term incentive plans and bonuses, or share-based remuneration.
Support for the remuneration committee
We can offer independent advice to remuneration committees regarding the appropriateness of C-suite and leadership remuneration in order to ensure their executive compensation structures are fit for purpose, compliant and support your organisation in attracting and retaining key individuals.
Remuneration policies and packages should also serve the purpose of motivating leaders to perform and behave in accordance with organisational values and strategic objectives as well as taking account of the environmental, social and governance framework within which your organisation operates.
Whether we are helping organisations to establish a remuneration committee or supporting their existing committee members, our consultants can help to determine the terms of reference under which the remuneration committee operates to ensure compliance with the requirements of the UK Corporate Governance Code.
Sector-specific experience and expertise
We provide advice across many sectors, including financial services, LLPs, public and third sector organisations, and family businesses. Our specialist remuneration consultants can work with your committee members and design an appropriate package for your executive leadership.
Compliance standards for executive remuneration can differ depending on the organisation and who sets them. Financial services firms, for example, are increasingly covered by FCA regulations, while listed companies are required to fulfil obligations of institutional investor codes of conduct.
For independent specialist advice on your executive remuneration policy and appropriate remuneration packages please get in touch with the Gallagher team.
