The Investment Association (IA) has published its annual letter to remuneration committee chairs setting out shareholder expectations for 2023, as well as an updated version of its Principles of Remuneration.

In its letter to remuneration committee chairs, the IA highlights the key areas of focus for its members when considering the remuneration practices of companies in the forthcoming AGM season. Topics covered include salary levels and the cost of living, windfall gains and the use of ESG metrics in executive remuneration.

It also notes that IVIS (the Institutional Voting Information Service, which is part of the IA) will red top any remuneration policy or report where executive pension contributions are not aligned to the majority of the workforce.

There are no significant changes to the Principles of Remuneration for this year.

For further information see this post on our Remuneration and Incentives blog.