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UK: Executive remuneration – new ABI principles and BIS discussion paper
The ABI has published new executive remuneration guidelines, while BIS has published a discussion paper on the governance of executive remuneration in …
UK: FSA announces consultation on Remuneration Code guidance
On 5 August 2011, the FSA announced a four week consultation in respect of two proposed 'Dear CEO' letters, which set out further draft guidance to …
France: New rules on the obligation to pay a bonus to employees on the distribution of increased dividends to shareholders
Further to a law adopted on 13 July 20111 but not yet formally published, certain companies in France are now required to pay to employees a bonus linked …
EU: Alternative Investment Fund Managers Directive - Remuneration
It is imperative for HR professionals, in-house counsel, compliance officers and others with responsibility for remuneration-related issues within firms …
UK: Wages - no obligation to pay wages to employee remanded in custody
An employee who is unable to work due to being remanded in custody pending a criminal trial is not "unavoidably" prevented from working and so cannot …
UK: Changes to the national minimum wage from 1 October 2011
The government has announced changes to the national minimum wage from 1 October 2011. The hourly rate will increase to £6.08 for workers aged 21, £4.98 …
UK: FSA publishes proposed Remuneration Code guidance
On 21 April 2011, the FSA published a number of draft guidance documents to assist firms in complying with the revised FSA Remuneration Code (the …
UK: HMRC publishes FAQs on the draft disguised remuneration legislation
On 9 December 2010 HMRC released draft legislation in the Finance Bill 2011 designed to "tackle arrangements involving trusts and other vehicles used to …
UK: FSA issues final form remuneration code
On Friday 17 December 2010, the FSA issued its revised Remuneration Code (the "Code") containing its interpretation of the remuneration principles …
UK: FSA consults on remuneration disclosure requirements
The Financial Services Authority (FSA) has published a consultation on the implementation of remuneration disclosure requirements based on those set out …
UK: Guidance may require the FSA to reconsider its interpretation of CRD III
The Committee of European Banking Supervisors ("CEBS") has published its consultation paper setting out guidelines on the implementation of the …
UK: FSA to apply revised Remuneration Code to 2,500 firms to take account of CRD III
The FSA has published its Consultation Paper setting out proposed revisions to its Remuneration Code to reflect the requirements of the amended Capital …
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