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UK share incentives: ISS 2025 remuneration policies, AGM voting trends, FRC to govern Wates Principles, FCA PISCES consultation, non-dom changes, NICs Bill, OBR forecast, EOT/EBT updates

Published on: 19 December 2024

Published by a LexisNexis Share Incentives expert
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In this issue:

  • Corporate governance
  • Regulatory
  • Global incentive issues
  • Budgets, Autumn Statements and Finance Bills
  • Q&As
  • Useful information
  • Share Incentives Weekly Highlights 2024/25
  • Weekly highlights from other practice areas

Corporate governance

ISS Governance announces 2025 benchmark policy updates

ISS Governance, a prominent global source of impartial shareholder meeting research and voting guidance, has unveiled revisions to its 2025 Benchmark proxy voting policies. These changes will typically apply to shareholder meetings scheduled on or after 1 February 2025. For the UK and Ireland, updates on remuneration matters are particularly notable:

  • Revisions broadly align with the refreshed Investment Association (IA) Principles of Remuneration issued in October 2024 (see: Share Incentives weekly highlights—10 October 2024—Investment Association publishes updated ‘Principles of Remuneration’) and the January 2024 amendments to the UK Corporate Governance Code (see: Share Incentives weekly highlights—25 January 2024—Corporate governance).
  • Although ISS has adjusted elements to mirror the updated IA Principles concerning dilution parameters, it considers a 5 per cent dilution cap to remain the prevailing best practice for many investors—and therefore...

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