The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 No. 410

[F1SCHEDULE 8U.K.QUOTED COMPANIES [F2AND TRADED COMPANIES]: DIRECTORS’ REMUNERATION REPORT

Textual Amendments

F1Sch. 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)

F2Words 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 3U.K.ANNUAL REPORT ON REMUNERATION

[F3Annual percentage change in remuneration of directors and employees]U.K.

19.—(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—

[F4(a)the annual percentage change over the five financial years preceding the relevant financial year in respect of each director; and]

[F4(b)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.]

F5(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F5(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F6(4) 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.]]

Textual Amendments

F3Sch. 8 para. 19 heading substituted (10.6.2019) by The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 31(8)(a) (with reg. 2)

F4Sch. 8 para. 19(1)(a)(b) substituted (10.6.2019) by The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 31(8)(b) (with reg. 2)

F5Sch. 8 para. 19(2)(3) omitted (10.6.2019) by virtue of The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 31(8)(c) (with reg. 2)

F6Sch. 8 para. 19(4)(5) inserted (10.6.2019) by The Companies (Directors Remuneration Policy and Directors Remuneration Report) Regulations 2019 (S.I. 2019/970), regs. 1, 31(8)(d) (with reg. 2)