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Director remuneration in FTSE 250 companies – 2023 report

2023 market data report for executive and non-executive directors

Author

Karen Depoix and
Jane O’Reilly
December 7, 2023

This report provides a final update on the 2023 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.

  • Who changed what?

    We look back at pay out-turns for the prior year and, in a peak year for policy renewals, we examine trends in policy changes and the driving forces behind them.

  • 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 2024

    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.

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Authors

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

Karen Depoix

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

Photo of Jane O'Reilly

Jane O’Reilly

Managing Director, Executive Compensation & Board Advisory