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: ESMA publishes final versions of UCITS V and updated AIFMD remuneration guidance – where are we now?

ESMA has published the final version of its guidance on the remuneration provisions of UCITS V, available here, and the updated guidance on the AIFMD remuneration provisions, available here. These final versions are the same as those included in in … Continue reading

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Filed under Remuneration

UK: Government announcements – workers’ rights post Brexit, employee representation on boards, employment of foreign workers, and review of modern employment practices

At the Conservative Party conference, Theresa May announced plans to repeal the 1972 European Communities Act, which gives direct effect to EU law in the UK, and to transpose all existing EU laws into domestic legislation. She also promised that … Continue reading

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Filed under Boardroom diversity, Employment status, Incentives, Jurisdiction: UK, Remuneration

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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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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UK: Executive Remuneration Working Group Final Report

The Executive Remuneration Working Group has now published its Final Report, building on its Interim Report which we covered in our bulletin here. The Investment Association has informed the Working Group of its intention to review its Principles of Remuneration … 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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UK: Investment Association publishes Interim Report on Executive Pay

The Investment Association's Executive Remuneration Working Group, which was established in Autumn 2015, has recently published its Interim Report on whether current remuneration structures effectively incentivise management teams. The Working Group is now seeking views on its findings, with publication … 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