The Association of British Insurers has published its Principles of Remuneration setting out members’ views on the role of shareholders and directors in relation to remuneration and the manner in which remuneration should be determined and structured. The guidelines include a core principle that a remuneration committee should pay no more than is necessary. The new guidelines contain new provisions on clawback and malus (where there is a downward adjustment in performance related pay). Click here for the Guidelines or see www.ivis.co.uk.
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