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Summarize result (65%)

In response to this, the narrative reporting consultation brings forward proposals that companies should be required, as part of the remuneration report, to provide a more comprehensive explanation of the services used and fees paid.Other countries have recently introduced new regulations in this area: this year the Australian Government tightened its rules around engagement with remuneration consultants; and in the United States, committees are required to disclose how any conflicts of interest were dealt with.


Original text

In response to this, the narrative reporting consultation brings forward proposals that companies should be required, as part of the remuneration report, to provide a more comprehensive explanation of the services used and fees paid. Some stakeholders have however, argued for more robust measures to prevent conflicts of interest.
Other countries have recently introduced new regulations in this area: this year the Australian Government tightened its rules around engagement with remuneration consultants; and in the United States, committees are required to disclose how any conflicts of interest were dealt with. We invite views on whether additional measures
to prevent conflict of interest in the use of remuneration consultants are necessary and if so, the practical ways of doing this.


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