F1SCHEDULE 8QUOTED COMPANIES F2AND TRADED COMPANIES: DIRECTORS’ REMUNERATION REPORT
Words in Sch. 8 heading inserted (10.6.2019) by The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 31(1) (with reg. 2)
PART 3ANNUAL REPORT ON REMUNERATION
F3Annual percentage change in remuneration of directors and employees19
1
The directors’ remuneration report must set out (in a manner which permits comparison) in relation to each of the kinds of remuneration required to be set out in each of the columns headed “a”, “b” and “c” of the single total figure table the following information—
F4a
the annual percentage change over the five financial years preceding the relevant financial year in respect of each director; and
F4b
the average percentage change, from financial year to subsequent financial year, over the five financial years preceding the relevant financial year in respect of the employees of the company on a full time equivalent basis.
F52
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F53
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F64
For the purposes of sub-paragraphs (1)(a) and (1)(b) the “five financial years” referred to must include financial years beginning on or after 10th June 2019 and where five financial years have not passed since that date the annual percentage change must be calculated for all financial years since that date preceding the relevant financial year.
5
“Employee” for purposes of this paragraph means any employee other than a director.
Sch. 8 substituted (1.10.2013) by The Large and Medium-sized Companies and Groups (Accounts and Reports) (Amendment) Regulations 2013 (S.I. 2013/1981), regs. 1, 3, Sch. (with reg. 4)