Looking at the 2025 AGM season so far, there are some significant increases proposed to pay opportunity, mainly through the long-term incentive plan.

Institutional Shareholder Services have updated their voting guidelines for 2025. These will apply for shareholder meetings from 1st February 2025.

The IA have just published their Principles of Remuneration which reflect the evolving landscape of executive pay in the UK and give greater flexibility to companies to adopt more tailored arrangements.

The Investment Association (IA) pledges to overhaul its principles on pay to “ensure they are supporting a competitive market”

The Financial Reporting Council (FRC) has this month published its UK Corporate Governance Code 2024, and there are no material changes to the remuneration provisions.

Legal and General Investment Management (LGIM) has updated its UK Principles of Executive Pay for the 2024 AGM season.