IA guidance for reflecting the impact of COVID-19 on executive pay

The Investment Association have this week updated their guidance on how FTSE Remuneration Committees should be reflecting the impact of COVID-19 on executive pay. This includes an expectation for no annual bonuses to be paid for FY2020 or FY2020/21 where a company has raised additional capital from shareholders or has required Government support.  

The IA have also published their Principles of Remuneration for 2021 which reflect a small number of developments in market practice and investor expectations.   

Guidance on shareholder expectations in the context of COVID-19: https://bit.ly/32QPGSa

The 2021 Principles of Remuneration:  https://bit.ly/35EYz3i

The letter sent to FTSE 350 companies: https://bit.ly/2IPEMov