City & Financial Global’s City Remuneration Summit, now in its fifteenth year, is widely recognised as the most important event in the calendar for remuneration, reward and compensation specialists. Last year’s event featured an unparalleled speaker panel and attracted over 220 influential and well-connected remuneration specialists.
The Summit is unique in that it focusses exclusively on FCA regulated firms and the particular challenges facing them in terms of balancing fixed and variable remuneration to reflect their culture and risk appetite. This year’s Summit has been comprehensively revised and updated to take account of the shift in priorities in relation to executive pay. Top of the agenda is the relationship between executive pay and companies’ ESG record and disclosures, particularly in the context of climate change. Much of this is driven by increasingly active institutional investors who are scrutinising how pay is linked to companies’ social responsibility, including their commitment to diversity and inclusion. Other issues to be addressed include the impact of the FCA’s proposals for investment firms; the remuneration and reward proposals under the Fifth Capital Requirements Directive (CRDV), particularly in relation to material risk takers; the role of the Remuneration Committee in scrutinising executive reward strategies and the importance of culture in driving the right behaviours.