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ARTICLE
17 July 2023
U.S. CEO COMPENSATION ADVANTAGE GROWS VS. U.K. PEERS
external article

SOURCE: Harvard Law

UK and Channel Islands

The article examines the widening pay gap between CEOs in the S&P 500 and the U.K.'s FTSE 100 from 2018 to 2022. The disparity is primarily attributed to the influence of long-term incentive plans (LTIPs) and pay opportunity levels in S&P 500 companies. Median CEO pay for S&P 500 CEOs has notably increased compared to FTSE 100 CEOs during this period, despite a decrease in the gap in basic salary and bonuses when adjusted for market cap and revenue growth since 2019. Interestingly, both regions have witnessed declines in median vote support levels for say-on-pay proposals, indicating growing investor discontent with executive compensation, irrespective of differences in corporate performance.

David Edwards

David Edwards

David has extensive experience and expertise in corporate governance, share plans, and legal matters, David has been a valuable asset since joining RBS in 2011. As the Head of Share Plans at Natwest Group, David provides guidance on legal, tax, and regulatory aspects related to the bank's employee equity arrangements. His proficiency in implementing global equity plans, managing corporate actions, and ensuring share plan compliance makes him an invaluable addition.  

Julie

Julie Shepherd, FGE

Director - Share Plans
The Sage Group plc
United Kingdom

Class of 2019

Mitan

Mitan Patel, FGE

European Regional Lead, Stock Plan Services
Fidelity Stock Plan Services
United Kingdom

Class of 2021

Hannah

Hannah Needle, FGE

Legal Director
Tapestry Compliance
United Kingdom

Class of 2018

IN-PERSON CHAPTER EVENT
24 May 2023, 3:45 - 7pm BST
UK AND CHANNEL ISLANDS CHAPTER MEETING
UK CI meeting
Workplace solutions
UK and Channel Islands

Please join the GEO UK community at this fun event; it’s your opportunity to get your hands dirty to support a great initiative, have some fun whilst networking and win points for the GEO UK leaderboard at our Quiz - as well as pick up some goodies!

GEO is the leading global share ownership community. In the UK, this community is enhanced by our supporters and every single individual who contributes to our regular chapter events by hosting, presenting or attending. During the global pandemic, the GEO UK community came together virtually to support each other and celebrate support for a range of charities close to our hearts.

Now that we can meet up again, we’re excited to launch a charitable and community support initiative. This May, we invite the GEO UK community to give back to our wider community by partnering with Whale and Dolphin conservation at a special event in London. We will be joining together to take part in a litter picking activity followed by a quiz, networking and drinks and we would love for you to join us.

Registration and bag drop will take place at the Square Pig 30-32 Procter Street, London WC1V 6NX for a 4pm start at Lincoln Inn Fields. Following the charity event, we will head back to the Square Pig.

Janet Cooper

Janet Cooper OBE, FGE

United Kingdom

Class of 2020

Mitan Patel, FGE

Mitan Patel, FGE

Mitan joined Fidelity in 2018 and is the European Regional Lead for its Stock Plan Services business based in London. Mitan explores business opportunities in key global markets, while supporting Fidelity’s equity compensation platform and business growth ambitions.

Hannah Needle, FGE

Hannah Needle, FGE

Hannah Needle is a Legal Director and on the Board of Directors at Tapestry Compliance, an award-winning UK law firm specialising in global equity incentives. She advises many leading global companies (many of whom are listed) on the implementation and operation of all forms of global executive and employee equity and incentive plans, including the design and establishment of new plans, global compliance, managing grants and maturities under existing plans and on technical tax and legal matters.