FTSE All-Share Directors Pay Guide 2023/2024

During 2023 we have seen the debate on executive pay move on from the restraint shown during the Covid-19 pandemic to a focus on the least well paid at companies in context of the cost-of-living crisis during late 2022. The spotlight has now swung back to a growth and competitiveness agenda, with increasingly vocal concerns that Directors’ remuneration in the largest UK listed companies is not sufficient to drive growth and is increasingly uncompetitive in a global talent market.

Against this backdrop, some expected the 2023 AGM season to be a tumultuous year. However, the reality was more subdued. The 2023 AGM season was relatively quiet, although there continued to be individual company proposals that attracted attention as well as the usual headlines around ‘significant increases’ to executive pay in 2023 (in fact, directors’ pay was broadly flat and has been for several years). 

This 2023/2024 edition of the FTSE All-Share Directors’ pay guide identifies key market trends within the FTSE All-Share, with data analyzed by FTSE 100, FTSE 250, and FTSE SmallCap indices. The report includes:

• A summary of market trends in relation to Executive Director remuneration outcomes for 2022/23 and remuneration for the year ahead for FTSE All-Share companies.
• An overview of the 2023 AGM season, setting out shareholder and the main proxy voting agency key issues and a summary of the AGM voting trends on pay issues.
• Detailed analysis of the quantum and structure of all elements of Executive remuneration for FTSE All-Share companies.

We hope you find the FTSE All-share Directors Pay Guide for 2023/2024 useful. Download a copy here or contact execpayandgovernance@KornFerry.com for more information.