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.
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.
A review of year-on-year changes in proxy agency recommendations.
We consider median AGM voting out-turns, the proportion of companies receiving different levels of support and the main areas of investor contention.
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.
This section examines market data in the following areas:
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.
|Director remuneration in FTSE 250 companies