Soaring to New Heights: Governance Considerations for Nomination and Remuneration Committees

• How changes to the 2018 UK Corporate Governance Code, alongside evolving societal expectations – especially in respect of diversity and inclusion (D&I) and social equality – have created a clear momentum for directors to increase oversight over workforce-related matters.
• That factors, including the revised Stewardship Code, changing societal expectations and government action have led to investors sharpening and expanding their focus on D&I and remuneration, and being much more attuned to the ethical and business case for diversity.
• Considerations to help Boards accelerate their progress on D&I, consistent with the recommendations published in July 2021 by the FRC.