On 26 November 2024, the PRA and the FCA published a joint Consultation Paper on changes to the remuneration rules (PRA CP16/24, FCA CP24/24). The changes are relevant to banks, building societies, and PRA-designated...more
Recent reforms in the UK market have led to less prescriptive executive remuneration principles that encourage companies to tailor structures to their business, strategy, and performance while consulting with shareholders....more
Buyout firms have recently used a range of reset tools to incentivise management, requiring careful navigation of legal, tax, and regulatory issues.
As buyout firms navigate current pressures on portfolio company...more
2/28/2024
/ Business Valuations ,
Buyouts ,
Capital Gains ,
Cash-in-Lieu of Benefits ,
Corporate Management ,
Corporate Restructuring ,
Equity Compensation ,
Incentive Compensation ,
Share Class Structures ,
Share Classes ,
Sponsors ,
Valuation
Those involved in M&A activity should view unions as major stakeholders and factor any possible or actual engagement obligations with them into an M&A deal process....more
PE acquirers should view unions as stakeholders and factor possible or actual engagement obligations with them into the deal process. Widespread economic pressure — including pay, inflation, and the ongoing cost of living...more
Sponsors are likely to explore share-based schemes and other plans to incentivise non-managerial staff.
Incentivising management with sweet equity and co-investment opportunities is a tried and tested strategy for buyout...more
10/25/2022
/ Corporate Management ,
Employee Benefits ,
Employee Stock Purchase Plans ,
Equity Compensation ,
Executive Compensation ,
Incentive Compensation ,
Portfolio Companies ,
Private Equity ,
Private Equity Firms ,
Sponsors ,
UK
There is mixed opinion on the UK’s forthcoming gender pay reporting regime. Whether the new reporting obligations will help eradicate the UK gender pay gap (reported by the Office of National Statistics to be 19.2% in 2015)...more
In order to avoid penalties, companies should be sure to complete mandatory online registrations well in advance of the 6 July deadline.
Companies which operate employee share plans in the UK are required to make a...more