Executive Rewards Press releases

Executive Rewards Press releases

                                       

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Latest Press Releases

Global Financial Services Executive Pay Survey - Press release 18 July 2013, London


Recent regulatory changes may undermine the concept of pay for performance and perpetuate an un-level playing field within the international financial sector, according to a new report by Mercer. The issue is of particular concern to European banks which are subject to more onerous regulatory requirements compared to competitors in North America and the Emerging Markets.


The insights come from Mercer’s Global Financial Services Executive Remuneration Report which analysed data from 78 financial services organisations, including banks and insurers, across Europe, North America and the Emerging Markets.

 

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 Read CNBC article


 

Corporate bonus pools in financial services expected to be relatively flat for 2012 performance relative to 2011 - 21 February, 2013


In 2013, executives in the global financial services sector are anticipating base salary increases of 2.2-2.5% according to new data released by Mercer. Regionally, excluding those who are expected to have pay freezes, executives in the emerging markets are expected to receive the highest salary increases in 2013 of between 4-5%, followed by North America at 3% and then executives in Europe.

 

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Mercer adds to UK Executive Remuneration capabilities with new consultant
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12 April 2013, London

Mercer has recruited Patricia Bradley as part of the consultancy’s drive to expand its Executive Remuneration business in the UK and Europe.
 

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Corporate bonus pools in financial services expected to be relatively flat for 2012 performance relative to 2011 - 21 February, 2013

 

In 2013, executives in the global financial services sector are anticipating base salary increases of 2.2-2.5% according to new data released by Mercer. Regionally, excluding those who are expected to have pay freezes, executives in the emerging markets are expected to receive the highest salary increases in 2013 of between 4-5%, followed by North America at 3% and then executives in Europe.

 

 Read press release 


 

Shareholder activism changing corporate approach to Executive Remuneration -

8 October, 2012

 

Increased shareholder activism and a desire for more corporate governance are driving changes in multi-national executive remuneration, says Mercer. The consultancy, which advises Remuneration Committees on Executive Pay issues, has identified it as the single biggest executive remuneration trend in 2012.


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17% of banks ‘clawed back’ compensation in 2011, says Mercer’s Financial Services Executive Compensation Survey
- 23 August, London

New survey data issued by Mercer shows that 14% of global banking organisations have ‘clawed back’ compensation payments made to employees while a further 3% of organisations have reclaimed the payments but have yet to receive the pay back. This recent data comes from Mercer’s Financial Services Executive Compensation Snapshot Survey which looks at compensation structures in 63 global financial services companies, including banks and insurance firms.

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Executive Remuneration: FRC’s ‘single figure reporting’ recommendation is a positive step
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18 July 2012, London

 

 Mercer has welcomed suggestion by the Financial Reporting Council, the UK’s independent Corporate Governance Regulator, that there should be a ‘single figure’ disclosed in company accounts which included all elements of a director’s pay.

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Mercer view: Binding shareholder vote on executive remuneration -
20 June 2012, London

Following its industry consultation, ‘Executive Pay Consultation on Enhanced Shareholder Voting Rights’, the Department for Business Innovation and Skills (BIS) has decided on a three year binding vote on future executive remuneration policy, including pay and exit pay.

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Executive Pay and a binding shareholder vote -  9 May 2012, London


Mercer has welcomed the government consultation into executive pay but has cautioned that a binding vote will not necessarily have the outcome that is intended.

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Ensuring Responsible Executive Remuneration

 

 

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Press office contacts 

Alistair Peck
 +44 (0)20 7178 3143
 
Mags Andersen
 +44 (0)20 7178 3513

 
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