QCA member, PwC are holding a roundtable to explore the changes to Rule 26 and what the changes mean in practice. The October event includes speakers Richard Penny, CRUX Asset Management and our Chief Executive Tim Ward.
The recent changes to Rule 26 and the related impact on corporate governance for AIM companies will mean that remuneration committee chairs and boards need to think afresh about their approach to remuneration policy and disclosure.
Added to this the general environment and pressure around executive pay and investor concerns around excessive remuneration and dilution, it would seem that a light touch approach to reviewing pay and policy and the relative impact on the wider employee population is no longer feasible.
Given the breadth of size and profile of companies listed on AIM and the flexibility offered by this market, remuneration committees and boards are asking what in practice they need to change in their current approach to remuneration. Will it impact their ability to recruit and retain key talent? What will shareholders say? Will their ability to raise funds be impacted? Are their NEDs sufficiently equipped to challenge remuneration proposals?
In this roundtable PwC will explore what the changes mean in practice, what "good" looks like and how stakeholders are likely to respond. This interactive event will include:
- an overview of the changes to remuneration corporate governance for AIM companies from Chief Executive of the QCA, Tim Ward
- best practice for AIM remuneration, taking into account the new governance requirements and the choice of code, including latest trends in pay and incentives from PwC reward specialists
- an investor's viewpoint from Richard Penny of CRUX Asset Management, and previously at Legal & General
- a general debate and panel session around the future of pay for AIM companies
This roundtable event is for representatives from AIM quoted companies, remuneration committee chairs, non-executive directors and NOMADs. Chatham House rules will of course apply.
Date: Thursday 25 October 2018
Join the QCA and gain privileged access and discounts to all events
Location: PwC offices, London
Timings: Arrival and breakfast: 8.00am - 8.30am
Presentation and roundtable discussions: 8.30am - 10.30am
If you would like to attend, please email Patrick Folan at firstname.lastname@example.org.