Director remuneration in FTSE 250 companies – 2025 report

This report provides a final update on the 2025 Annual General Meeting (AGM) season, covering key pay developments this year. It also sets out an overview of executive and non-executive director market data for companies in the FTSE 250.

1. 01

   First, the key headlines and trends identified from the 2025 AGM season, including:

   • Who changed what?
     We look back at pay out-turns for the prior year and, in an unexpectedly peak year for policy renewals, we examine trends in policy changes
   • How did proxy agencies react?
     A review of year-on-year changes in proxy agency recommendations
   • What happened at AGMs?
     We consider median AGM voting out-turns, the proportion of companies receiving different levels of support and the main areas of investor contention.
   • Looking ahead to 2026
     Our report considers the issues for Remuneration Committees to consider going forward, given the macro-economic climate and developments in the broader environment that impact upon director remuneration

2. 02

   Analysis of market data for executive directors in FTSE 250 companies

   This section examines market data in the following areas:

   • Salary
   • Benefits
   • Annual bonus
   • Long-term incentive plans (LTIPs)
   • Single figure compensation
   • Shareholding ownership guidelines

3. 03

   Lastly, we present market data for non-executive directors in FTSE 250 companies

   This section details the fee levels paid to Chairmen and non-executive directors. The Chairman is typically paid an all-inclusive fee for all responsibilities, based on company size, time commitment and role responsibilities. Non-executive directors are typically paid a base fee for Board membership, with additional fees for other responsibilities such as chairing a Board Committee.

Contacts

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Karen Depoix

Director, Head of Research and Trends, Executive Compensation and Board Advisory, GB

email Email phone +44 7432 694148

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Alex Little

Senior Director, Executive Compensation & Board Advisory

email Email phone +44 7985 125138

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