The Investment Association has made significant changes to its principles of remuneration, mainly in response to the Executive Remuneration Working Group's report of July 2016. Parts of the principles of remuneration have been significantly rewritten and some new guidance has been added. The main changes include: (i) new guidance on appropriate remuneration structures; (ii) a new requirement for directors to continue to hold shares after they leave a company; (iii) a new obligation for companies to engage with shareholders if they receive a 20% or more vote against a remuneration proposal; and (iv) new guidance on restricted share awards.