Jurisdiction(s):
United Kingdom

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Key definition

Remuneration definition

What does Remuneration mean? Remuneration is the pay an individual receives for work, typically basic salary and, depending on context, variable elements such as bonuses, commission, overtime and allowances. It is a descriptive expression used across employment, company and tax law, with its precise scope set by the relevant statute, contract, policy or scheme rules rather than by a single universal legal definition. In pensions practice—particularly defined benefit schemes—the pension accrued is usually linked to pensionable remuneration (often called pensionable salary or pay). Whether remuneration includes or excludes bonuses, commission, overtime, car or location allowances, shift premia and other fluctuating emoluments is determined by the...

UK quoted companies: directors’ remuneration reporting and policy following 2025 reforms—requirements under CA 2006, the 2008 Regulations, UK Listing Rules and UK Corporate Governance Code

Published by a LexisNexis Share Incentives expert

Practice notes

This Practice Note summarises statutory and regulatory Requirements for the preparation of a directors’ Remuneration report by quoted companies in relation to directors’ remuneration reports for financial years beginning on or after 11 May 2025

These rules exclude companies whose shares are admitted to AIM, and therefore fall outside this regime. The Companies (Directors’ Remuneration and Audit) (Amendment) Regulations 2025 (SI 2025/439) took effect on 11 May 2025, and now apply to relevant financial years commencing on or after that date. They stripped out elements of the remuneration reporting regime that duplicated obligations introduced in 2019 to implement EU law, thereby removing overlapping provisions. They also relieve unquoted traded companies of any obligation to produce a directors’ remuneration policy or report. As a result, the legislative position has largely reverted to the pre‑2019 framework (although two 2019 features remain: treating a CEO who is not on the board as a director for the regime’s purposes, and the obligation to put the remuneration policy back to a vote at the next AGM if there is an overall vote against the policy)...

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Web page updated on 22/05/2026

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