IA sets standard for corporate remuneration amid crisis

UK firms face 'significant reputational ramifications'

Mike Sheen
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Remuneration committees must "take account of their individual circumstances", the IA urged
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Remuneration committees must "take account of their individual circumstances", the IA urged

Listed UK firms face "significant reputational ramifications" if they fail to adhere to executive pay expectations set out by the Investment Association amid the ongoing pandemic-induced crisis, the trade body has warned.

Writing to companies today (27 April) in response to remuneration committees of UK listed companies the IA set out the standards for remuneration policies investors will expect from firms as coronavirus continues to hamper business activity. Wage war: Asset managers must do more to tackle inequality The IA told firm that while investors appreciate firms "will need to sensitively balance the need to continue to incentivise executive performance" at a time where management teams are under particular pressure, but "there are minimum expectations for every company" and remuneration commit...

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