Question
How does the below mentioned UK corporate Governance Code ensure the independence or contribute to the independence of the audit committee? (Explain Detaile please) 41.
How does the below mentioned UK corporate Governance Code ensure the independence or contribute to the independence of the audit committee? (Explain Detaile please)
41. There should be a description of the work of the remuneration
committee in the annual report, including:
an explanation of the strategic rationale for executive directors'
remuneration policies, structures and any performance metrics;
reasons why the remuneration is appropriate using internal and
external measures, including pay ratios and pay gaps;
a description, with examples, of how the remuneration committee
has addressed the factors in Provision 40;
whether the remuneration policy operated as intended in terms of
company performance and quantum, and, if not, what changes
are necessary;
what engagement has taken place with shareholders and the
impact this has had on remuneration policy and outcomes;
what engagement with the workforce has taken place to explain
how executive remuneration aligns with wider company pay policy;
and
to what extent discretion has been applied to remuneration
outcomes and the reasons why.
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