Remuneration committee composition—corporate governance guidelines

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Remuneration committee composition—corporate governance guidelines

Copyright © 2025 LexisNexis

Published by a LexisNexis Corporate expert

Checklists
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Quoted companies (other than investment companies)

SourceRecommendationReference
UK Corporate Governance Code (UKCG Code)Remuneration committee should comprise at least three, or in the case of smaller companies (ie those outside the FTSE 350) two, independent non-executive directors.The company chair may be a member of, but not chair, the committee, provided he or she was considered independent on appointment as chair.Before appointment as chair of the remuneration committee, the appointee should have served on a remuneration committee for at least 12 months.2018 UKCG Code, Provision 32
Institutional Shareholder Services Inc (ISS)For FTSE 350 companies, remuneration committee should comprise at least three non-executive directors and all members should be independent. The company chair may be a member of, but not chair, the remuneration committee if he or she was considered independent on appointment as chair.For companies in the FTSE SmallCap and FTSE Fledgling indices, remuneration committee should comprise at least two members, and who should all be independent non-executive directors. The company chair may be a member of, but not chair, the remuneration committee
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