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UK share incentives and remuneration: Glass Lewis 2025 policies, HMT PISCES sandbox draft legislation, CGT changes and Overseas Workday Relief—weekly corporate, tax and employment highlights

Published on: 21 November 2024

Published by a LexisNexis Share Incentives expert
Legal News
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In this issue

  • Corporate governance
  • Regulatory issues
  • Useful information
  • Weekly highlights from other practice areas

Corporate governance

Glass Lewis publishes 2025 proxy voting policy guidelines

Glass Lewis has released its 2025 proxy voting policy guidelines for the US, UK and Europe. Taking effect from 1 January 2025, the revisions introduce notable updates, including expectations for board oversight of artificial intelligence (AI), approaches to shareholder meeting formats, and the treatment of time‑based awards. The guidelines also provide direction on how shareholder proposals concerning the use of AI and broader environmental, social and governance matters will be assessed.

On remuneration-related topics, the principal UK developments are:

  • renewed emphasis on Glass Lewis’s nuanced stance towards executive pay proposals, stating it undertakes a holistic assessment of all relevant factors, with a negative recommendation arising from a single factor only in particularly egregious situations
  • heightened encouragement for companies to deliver more robust disclosure on their remuneration consultation process following engagement with shareholders
  • a new section setting out Glass Lewis’s approach to assessing ‘hybrid incentive plans’ within executive remuneration policies

...

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