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The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 Sch 8 para 22

Sch 8 para 22 Consideration by the directors of matters relating to directors’ remuneration

(1) If a committee of the company’s directors has considered matters relating to the directors’ remuneration for the relevant financial year, the directors’ remuneration report must— (a) name each director who was a member of the committee at any time when the committee was considering any such matter; (b) state whether any person provided to the committee advice, or services, that materially assisted the committee in their consideration of any such matter and name any person that has done so; (c) in the case of any person named under paragraph (b), who is not a director of the company (other than a person who provided legal advice on compliance with any relevant legislation), state— (i) the nature of any other services that that person has provided to the company during the relevant financial year; (ii) by whom that person was appointed, whether or not by the committee and how they were selected; (iii) whether and how the remuneration committee has satisfied itself that the advice received was objective and independent; and (iv) the amount of fee or other charge paid by the company to that person for the provision of the advice or services referred to in paragraph (b) and the basis on which it was charged. (2) In sub-paragraph (1)(b) “person” includes (in particular) any director of the company who does not fall within sub-paragraph (1)(a). (3) Sub-paragraph (1)(c) does not apply where the person was, at the time of the provision of the advice or service, an employee of the company. (4) This paragraph also applies to a committee which considers remuneration issues during the consideration of an individual’s nomination as a director.

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