Victoria House, 116 Colmore Row,
Birmingham B3 3BD
0121 281 5798

PIRC Shareholder Voting Guidelines Updated

27 March 2020

The shareholder voting guidelines issued by the Pension and Investment Research Consultants (PIRC) have been updated. These are relevant for listed companies establishing remuneration and employee share scheme policies and structures and for private companies aspiring to follow the best practice of their listed counterparts.

The changes include:

•More emphasis on the motivational aspects of pay arrangements and a statement to the effect that if a reward is structured in a manner which does not motivate directors, it should not be proposed to shareholders.

•If serious concerns are raised about remuneration policy or the remuneration report, PIRC will review the election of the Remuneration Committee Chair.

•The use of multiple remuneration consultants is discouraged.

•PIRC will not support differential pension contribution rates.

Further information on executive compensation issues can is provided here - Executive Incentives.


« Back to News

Pett, Franklin & Co. LLP is a limited liability partnership registered in England & Wales (registered number: OC354096) and an alternative business structure ("ABS") authorised and regulated by the Solicitors Regulation Authority (No. 534342).

The word 'partner', used in relation to this LLP, refers to a member of the LLP. A list of the members of this LLP is displayed at the registered office of the LLP: Victoria House, 116 Colmore Row, Birmingham B3 3BD.

No contract can be concluded with Pett, Franklin & Co. LLP nor service effected by email.

(C) Copyright 2017 Pett Franklin & Co. LLP. All rights reserved.

The contents of this article are for the purposes of general awareness only. They do not purport to constitute legal or professional advice. The law may have changed since this page was first published. Readers should not act on the basis of the information included and should take appropriate professional advice upon their own particular circumstances.