If either applies to your company, what can you do to avoid the fallout of dealing with a “strike” on the 2025 Remuneration Report?
- Review your current approach
- Shareholders/proxies – identify what you’ve heard (and what you haven’t which may become a known issue)
- Identify risks from high to low
- Agree the approach to mitigate risks which may include not changing your approach and explaining why it’s appropriate (i.e., not to take any action and to continue the approach)
- Engage with shareholders and proxy advisors
- Identify the key players
- Meet in advance of reporting season
- Ensure they hear from the board member / Remco chair (not CEO )
- Provide a strong, clear rationale for the approach taken and what’s changing if any
- Enhance the level of disclosure in the remuneration report
- Review the risk register and the positions taken agreed
- Consider covering letter from the chair particularly if a high no vote strike on the rem report
- Draft report with information about what has occurred and why
TRP has extensive experience over the last 10+ reporting seasons in supporting companies in navigating the challenges of either responding to, or avoiding a “strike” on the remuneration report. With the end of year fast approaching, contact us if your company can benefit from our support.