The Investment Management Association, which has responsibility for remuneration guidance previously issued by the Association of British Insurers, has published the 2014 edition of its Principles of Remuneration: see here (pdf). The Principles set out 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 2014 edition of the Principles contains a new statement concerning allowances forming part of fixed pay: in general, the IMA's members believe that the use of allowances as part of fixed pay goes against the spirit of simplicity, clarity and pay for performance.
Tuesday, 21 October 2014
UK: IMA Principles of Remuneration - updated edition published
The Investment Management Association, which has responsibility for remuneration guidance previously issued by the Association of British Insurers, has published the 2014 edition of its Principles of Remuneration: see here (pdf). The Principles set out 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 2014 edition of the Principles contains a new statement concerning allowances forming part of fixed pay: in general, the IMA's members believe that the use of allowances as part of fixed pay goes against the spirit of simplicity, clarity and pay for performance.
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