The Association of British Insurers (ABI) issued revised remuneration guidelines for listed companies in December 2009.
The 2009 ABI Guidelines introduce very few amendments to the guidelines last published in 2007. The main change is a new recommendation that, in the context of the remuneration of senior executives who are not on the Board, remuneration committees:
"....should have oversight of all associated risks arising throughout the firm as a result of remuneration. Boards should consider disclosure of these risks and how they are managed in [the business review included in the annual directors' report]".
For further information, see: http://www.ivis.co.uk/ExecutiveRemuneration.aspx