In May 2023 the CEO of the London Stock Exchange issued a statement calling for a ‘big tent’ discussion on the issue of executive pay in the UK-listed market. In this report, we make our contribution to the ongoing debate.  

We present an objective analysis of four key trends in the evolution of the market over the last ten years. We then set out our ideas for potential change, focusing on areas such as incentive design and implementation, executive shareholding, and quantum. Finally, we assess the environment in which remuneration committees operate, and provide our recommendations for change.