Remuneration Committee Set-up and Governance

Set up from scratch or review aspects of your current RemCo

What?

At a time when remuneration of executive roles – and reward in general – are subject to increasing scrutiny, it is important for organisations to have an established Remuneration Committee (or equivalent body).

They can determine key reward outcomes for senior roles and oversee the appropriate development and execution of the pay strategy for the organisation.

Why?

This helps prevent any legal issues, operational problems, or damage to the organisation’s reputation that could happen if we make decisions without good evidence, clear reasoning, and proper oversight. 

We ensure that you have the appropriate structure and processes in place to enable your Remuneration Committee to operate in line with widely adopted governance principles (such as the UK Corporate Governance Code) and market best practice.

How it Works

Looking to set up a Remuneration Committee, or review aspects of how your current RemCo works?

We can advise on or review aspects central to the creation or operation of Remuneration Committees such as:

  • purpose
  • scope
  • membership
  • decision-making
  • ways of working
  • other aspects typically found in Terms of Reference

We usually inform our recommendations by interviewing Board members, carrying out targeted research, and reviewing documented aspects of governance, principles, strategy and culture.

We don’t just act as ‘yes’ people.

We will provide expert advice and challenge conversations or ideas when needed. Part of this process involves flagging the risks and potential consequences of the decisions being made by the RemCo.

How We Inform Our Recommendations

Interviews with board members

Targeted research

Reviewing governance, principles, strategy and culture

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