The GC100 and Investor Group have published a revised version of their directors' remuneration reporting guidance.  The changes include: (i) clarifying the remuneration committee's use of discretion in determining remuneration outcomes; (ii) expanding guidance on companies' use of commercial sensitivity as a reason not to disclose performance measures or targets in the remuneration report, including setting out general investor expectations on the prospective and retrospective disclosure of performance targets and measures related to short-term and long-term incentives; (iii) clarifying that a comparator group should be meaningful and not a narrow group consisting of senior managers; and (iv) being very clear that any futurepolicy table must specify the  maximum amount that may be paid for each component of remuneration, including salary.