The Investment Association (IA) has updated its Principles of Remuneration.
The Principles set out IA members’ views on the role of shareholders and directors in relation to remuneration and the manner in which remuneration should be determined and structured. The IA believes that the Principles provide a useful guide to shareholder expectations and good practice.
The IA has also published a letter which outlines the key changes that have been made to the Principles. In particular on length of performance and holding periods for long term incentives the IA has updated the Principles to make it clear that it is now members’ expectation that long term incentives have a performance and holding period of at least five years in total.
View The Investment Association Principles of Remuneration, 11 November 2015
View Investment Association letter, 11 November 2015