As of the first financial year after 1 January 2019, UK quoted companies with more than 250 employees will have to calculate and publish the pay ratios between their CEO and average employees, under the Companies (Miscellaneous Reporting) Regulations 2018. This means the first reports will appear in 2020. Alongside their directors’ remuneration report, companies will need to publish the ratio of their CEO’s total remuneration to the median (50th), 25th and 75th percentile full-time equivalent remuneration of their UK employees. They must include supporting information, for example, any reasons for changes to the ratios.
09 January 2019
Pay ratios on display
MOVERS & SHAKERS
Fieldfisher—Will Sharp
Fieldfisher boosts structured finance practice with appointment of Will Sharp
gunnercooke—Thomas Bjorn & Peter Rudd-Clarke
gunnercooke grows its life sciences team with new partner hires
Leonard Curtis Legal—Mark Maguire & Kane Jones
Leonard Curtis Legal expands corporate team with twonew appointments
NEWS
The Attorney General, Ellie Reeves KC MP, and Solicitor General, Andy Slaughter KC MP, marked the 25th anniversary of Pro Bono Week by joining lawyers, charities, students and parliamentarians at events celebrating voluntary legal work
An indemnity costs battle with a £20m gap could reopen an important question: what weight should an approved budget carry?
The Environment Agency can prosecute offences beyond environmental legislation where proceedings support its statutory functions, the Divisional Court has confirmed
Should a conviction stand when a later ruling reveals that the law underpinning it was wrong? The answer exposes a clash between finality and justice
Witness evidence can be compromised by AI before a solicitor sees the draft, leaving safeguards focused on authorship incomplete
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