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Institutional investors set out stance on payment of "allowances" in new guidelines on executive pay

Variable "allowances" should generally not be included as part of directors' fixed pay because they are "inconsistent with the spirit of simplicity, clarity and pay for performance", according to new guidelines published on behalf of institutional investors.... 21 Oct 2014

UK regulator head criticises EU response to bankers' bonus cap workaround

The head of a UK financial regulator has attacked the EU bankers' bonus cap and has said that a controversial pay mechanism adopted by banks is not ideal, but is the best response to a 'bad policy'.  17 Oct 2014

Out-Law Guides

  • Issues for directors and bank ring-fencing

    This is one of a  series of guides  on issues connected to ring-fencing and banking reform faced by banks. Other guides cover issues such as tax, real estate, employment, pensions, litigation, third party contracts and competition considerations....

  • Design of share incentive plans

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Remuneration of directors . This guide considers some of the key issues for companies when...

  • Design of directors' remuneration packages

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Remuneration of directors . This guide considers some of the approaches companies take to t...

  • Deciding directors' remuneration packages (and the influence of institutional investors)

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Remuneration of directors . Principle D.2 of the UK Corporate Governance Code states that:...

  • Remuneration of directors at unquoted companies

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. This guide is part of a series on Remuneration of directors , the main focus of which is quoted companies and,...

  • Directors' remuneration: An introduction to the issues

    This guide is based on UK law as at 1st February 2010, unless otherwise stated. It is part of a series on Remuneration of directors . As explained in our series of guides on Directors' service...

More guides

Clampdown on 'role-based allowances' threatens ability of EU financial centres to compete for talent, says expert

European financial centres such as London and Frankfurt are at greater risk of losing skilled bankers to other financial hubs around the world as a result of a further refinement of the EU bonus cap for bankers, two legal experts have said. European banks'... 16 Oct 2014

Income tax can be repaid on 'clawed back' bonuses in some circumstances, tax tribunal rules

Employees who pay income tax on a bonus that is later 'clawed back' by the employer may be entitled to tax relief on that income tax, at least in some circumstances, the Upper Tier Tax Tribunal has ruled. 02 Oct 2014

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