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Good practice suggestions from the Higgs Report, 2006

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Summary

The Code provides that the remuneration committee should consist exclusively of independent non-executive directors and should comprise at least three or, in the case of smaller companies, two such directors.

Thumbnail image for The Code provides that the remuneration committee should consist exclusively of independent non-executive directors and should comprise at least three or, in the case of smaller companies, two such directors.
Issuer

United Kingdom

Year

2006

Region

Europe

Issuer (type)

Financial Reporting Council (FRC) (Financial Regulator)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Voluntary


Main industries targeted
  • Finance & Insurance
  • Administrative, Support, Waste Management
  • Professional, Scientific, & Technical Services
  • Manufacturing
Restrictiveness

Low

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality

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