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Article | Executive Pay Memo – UK

Early insights from FTSE 100 Directors' Remuneration Reports - 2022

By Karen Depoix , Jessica Norton and Paul Townsend | April 21, 2022

As of 1 April 2022, 56 FTSE 100 companies had published their 2021 annual report and accounts. This update, the first in our 2022 series, provides an analysis of key insights so far.
Executive Compensation|Compensation Strategy & Design|Ukupne nagrade

Like last year, this has not been a “typical” year for remuneration policy renewal: 21% of companies have so far published a new policy for approval (2021: 25%).

Our annual investor outreach exercise at the end of 2021 highlighted two major concerns going into the 2022 season:

  • Potential for significant increases in quantum: after a prolonged period of restraint, will Remuneration Committees continue to limit executive salary increases to those of the wider workforce and will incentive opportunities increase?
  • Use of discretion: notwithstanding the generally positive investor view of Remuneration Committees’ decision-making during COVID-19, there is concern that some committees may be uncomfortable with continuing to exercise discretion and there may be more latitude to exercise positive discretion.

Download our report to discover the picture so far.


Director, Head of Research and Trends EC&BA GB

Senior Director, European Executive Compensation & Board Advisory Practice Leader

Senior Director, GB & Ireland Lead, Executive Compensation & Board Advisory

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