The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008

[F1[F2Annual percentage change in remuneration of directors and employees]U.K.

This section has no associated Explanatory Memorandum

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—

[F3(a)the annual percentage change over the five financial years preceding the relevant financial year in respect of each director; and]

[F3(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.]

F4(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F5(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