Tag Archives: executive directors

Singapore: Compliance check – New requirement for EP holders with directorships

The Singapore Ministry of Manpower (MOM) has recently introduced a new requirement for Employment Pass (EP) holders to obtain a Letter of Consent from the MOM before they are able to take up external directorships with other entities. Is your … Continue reading

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Filed under Jurisdiction: Asia

UK: BIS Select Committee launches Corporate Governance Inquiry

The Business, Innovation and Skills ("BIS") Select Committee announced on Friday that it is launching an inquiry into corporate governance, focussing on executive pay, directors duties and boardroom composition, including employee representation and increasing the number of women in executive … Continue reading

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Filed under Remuneration

UK: Updates to the GC100 and investor group guidance on remuneration reporting

The GC100 and Investor Group has published a revised version of its guidance on directors’ remuneration reports and policies, which all UK incorporated companies listed on the LSE, in any EEA state or on NYSE or NASDAQ are required to … Continue reading

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Filed under Remuneration

UK: Remuneration policies revisited

The 2014 AGM season saw the first remuneration policy approvals under the Directors' Remuneration Report ("DRR") regime which came into force in September 2013. Although some companies have since been back to shareholders with revised policies, most companies have retained … Continue reading

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Filed under Remuneration

EU: Article published on jurisdiction rules applying to claims against directors

A recent decision of the CJEU has considered a number of jurisdiction questions which have significant implications for claims against directors who are also employees of a company.

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Filed under Employment status, Jurisdiction: Cross-border, Resources

Australia: Termination clauses in senior executive contracts

The Supreme Court of Western Australia has awarded a Managing Director in excess of AUD$1.5 million in damages for wrongful dismissal. The decision serves as a helpful reminder of the importance of carefully drafted termination clauses in senior executive contracts.

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Filed under Contracts of employment, Jurisdiction: Australia, Termination of employment

UK: Executive remuneration and share plans

Following a busy year for executive remuneration and share plans, this briefing sets out an overview of some of the most topical issues that we are currently discussing with clients.

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Filed under Jurisdiction: UK, Remuneration

UK: Directors’ remuneration reports – key themes to emerge

We are now through the bulk of the first season in which directors’ pay policies have been put to a binding shareholder vote. We thought this an opportune time to take stock of the reactions of the market and others … Continue reading

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Filed under Jurisdiction: UK, Remuneration

UK: Executive remuneration – Government outlines proposals

The Government has given its outline response to its consultation on executive remuneration published in September last year (see our Herbert Smith corporate e-bulletin 2011/266 for more details). The response was set out in a speech given by the Secretary of State, Dr Vince … Continue reading

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Filed under Jurisdiction: UK, Remuneration

UK: Board diversity – change to UK Corporate Governance Code

The FRC has announced two changes to the UK Corporate Governance Code applying to financial years beginning on or after 1 October 2012 (although companies are encouraged to apply them immediately).  The changes require listed companies to (i) report annually … Continue reading

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Filed under Boardroom diversity, Jurisdiction: UK