Sch 8 para 19G Additional requirements in respect of the pay ratios table
The directors’ remuneration report must set out a summary for the relevant financial year after the information required by paragraph 19F, explaining— (a) any reduction or increase in the relevant financial year’s pay ratios compared to the pay ratios of the preceding financial year (if the company recorded pay ratio information for that financial year), (b) whether a reduction or an increase in a pay ratio is attributable to a change in— (i) the remuneration of the CEO, or the pay and benefits of the company’s UK employees taken as a whole; (ii) the company’s employment models (including any increase in the proportion of the company’s employees employed to work wholly or mainly outside the UK , and any increase in the proportion of the company’s workforce that is not employed by the company under contracts of service); (iii) the use of a different option to calculate Y25, Y50 and Y75, (c) any trend in the median pay ratio over the period of financial years covered by the pay ratios table, and (d) whether, and if so why, the company believes the median pay ratio for the relevant financial year is consistent with the pay, reward and progression policies for the company’s UK employees taken as a whole.