TIA has published an update on its Principles of Remuneration for 2015. It highlights the changes, making it clear that members now expect long-term incentives should have a performance and holding period of at least five years in total. It also notes aspects that its members see causing concern to shareholders, including:
- the level and frequency of salary increases;
- retrospective disclosure of bonus targets;
- length of service contracts and notice periods;
- increases in pension amounts; and
- recruitment arrangements and buyout awards.
(Source: TIA Principles of Remuneration 2015)