Board level pay continues to be a key area of scrutiny for shareholders, the media and public in general, especially in the light of the cost-of-living crisis. Alvarez & Marsal (A&M)’s Executive Compensation Services practice advises the Boards and Remuneration Committees of FTSE, AIM and unlisted companies, helping them navigate this complex environment.
We have recently completed A&M’s 2022 report on Non-Executive Director (NED) fees for FTSE 100, FTSE 250 and FTSE SmallCap companies. The report provides data on Non-Executive Director fee levels analysed by FTSE index. It also separately analyses fee levels in financial services companies according to FTSE index.
The sample in this report is based on companies with fiscal year-ends between 1 March 2021 and 28 February 2022.
We hope you find the report helpful. Please do contact us or any of the contacts on the back of this report if you would like further information.
Code of Practice 9 – What Is It and Is It Right for You?
December 12, 2025
At A&M, we regularly work alongside our clients’ existing advisors to ensure that they benefit from our extensive experience in managing Code of Practice 9 enquiries.
A&M Benefits Reference Guide
December 11, 2025
Many of the limits that pertain to qualified retirement plans and benefit plans are set by the Internal Revenue Service (IRS) and are subject to cost-of-living adjustments. In 2026, employees will be able to increase their retirement savings and contributions to health savings accounts as a result of the increased limits. The IRS limits for 2026 are summarized in the table below along with certain important compliance deadlines.
Pharma in Focus: A Prescription for Thai Tax & Tariff Health
December 8, 2025
Alvarez & Marsal recently hosted an engaging and practical session tailored for tax, finance, and trade professionals in the pharmaceutical industry. This first edition of our Thailand Tax Talk: Industry Series explored how tax leaders in the pharma sector can respond to increasing regulatory pressure, operational complexity, and cross-border trade disruption.
Supreme Court Upholds Delhi High Court Ruling: Indian Subsidiary Does Not Automatically Constitute PE, and No Further Profit Attribution Is Warranted Once the Subsidiary Arm’s Length Remuneration Is Paid
December 5, 2025
The Supreme Court’s affirmation of the Delhi High Court ruling in the Progress Rail case provides important clarity on Permanent Establishment standards in India.
The decision reinforces key principles on control, core functions, agency thresholds, and profit attribution.
It further underscores that arm’s-length remuneration to Indian subsidiaries precludes additional attribution.
A significant development for multinational enterprises evaluating their India-linked operating models.
