Trufin plc
London Team were selected to act as ‘neutral independent advisors’ on the divestment of assets by a major Fund Management Partnership to form a new company: ‘Newco’, eventually TruFin plc, the listed fintech business
We have in-house proprietary sources (eReward, Main Data, Citypay) for markets outside North America, and we will work with our long-standing and close colleagues at Pearl Meyer to provide all North American data.
Occasionally, our clients are looking for specific, or tailored pay information from the market which others cannot provide. We can obtain that through a ‘club survey’ [tailored survey] process amongst agreed peers.
Simon and team provided independent, expert analysis and insight to our Board as we evaluated our remuneration policy and provisions. Their market benchmarking was thorough (based on a broad range data sources) and thought-provoking (providing challenge regarding appropriate comparator groups). It became clear they deeply understood the challenges we faced.”
Catherine Claydon, Board of British Steel Pension Fund and Member, Remuneration Committee
Our benchmarking looks at the whole remuneration package in comparison with the client’s own plans, including:
We aim to provide details of bonus and (if relevant) long-term incentive schemes. Bonus plans may be very simple or more complex. Long-term incentive details sought will include characteristics such as the level of opportunity, performance metrics, deferral requirements and the ‘currency’ of the plan (shares, options, phantom shares etc).
We also provide data on benefits paid.
We typically request [under the terms of a pre-signed Confidentiality Undertaking] up-to-date compensation data for client staff (including job ‘points’, job families etc) and any other key data.
We will agree the peers we choose to include amongst the proposed ‘benchmark’ companies. We normally begin with a list of ‘possible peers’ and build consensus from there.
As part of our data gathering, we may also obtain data from recent hiring experience.
It is likely that we will rely on sources from many companies and several ‘peer groups’ such that we can provide clients with the clearest possible picture of the market(s). We try to ensure that we are looking at companies of a size that is reflective of the client, in terms of market capitalisation and revenues.
Some roles are far more widely disclosed than others - but we endeavour to provide detailed analysis for each position within the agreed scope.
London Team were selected to act as ‘neutral independent advisors’ on the divestment of assets by a major Fund Management Partnership to form a new company: ‘Newco’, eventually TruFin plc, the listed fintech business
Martin Baker make the ejection seats for installation in many of the world’s air forces globally. They remain an ‘old fashioned’ family-owned engineering company despite being the world leader in their field.
Raspberry Foundation is a unique owner of the RP platform, an ultra low-cost scaleable programming platform/mini-computer
A private company with unique sports technology IP, developed in the UK. The IP had wide applications globally, and huge growth potential. The company was acquired by a world-scale corporation
Published annually since 2012, the CEO Value Index aims to provide a unique insight into pay-for-performance. Our database allows us to understand how Remuneration Committees invest in their top executives, and the lessons learned.
The CEO Value Index shows whether larger or smaller organisations pay their executives the right amount
While the US begins the year grappling with their new CEO Pay Ratio disclosure and some significant tax law changes that impact CEO remuneration, the executive pay debate in the UK has reached a stage, politically, where it almost appears to be weaponised