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United Kingdom - January 30 2013
To date, the UK “say-on-pay” rules have been relatively light-weight. Under the existing rules, UK incorporated companies that are listed on the…
United Kingdom - November 14 2012
In the past two months, the UK government has announced a number of reforms to existing UK employment law which are designed to “give firms more flexibility and confidence in managing their workforce” and reduce the “red-tape” of employment law where possible.
United Kingdom - August 16 2012
The UK Enterprise and Regulatory Reform Bill (the Bill), which sets out a number of proposed reforms to UK laws relating to employment, executive pay, copyright, green investment and competition, was published and laid before the UK parliament on May 23, 2012.
United Kingdom - May 10 2012
Supplementing previous publications relating to the rise of “claw-back” and “hold-back” provisions in executive remuneration terms, the new Financial Services Authority (FSA) Remuneration Code regulating the pay of certain employees in the financial services sector and executive pay in the current, challenging economic environment, this article considers a recent decision by one major UK financial institution to apply a form of claw-back in relation to certain executive bonus awards.
