Executive Compensation

2026 U.K. Proxy Season Review: CEO Pay Policy Revamp

FTSE 100 companies are proposing revamped CEO compensation plans at an accelerated rate in as U.K. issues try to compete with higher paying markets like the U.S. for executive talent.

Key Takeaways:

  • In PY2025 (Aug. 1, 2025,through July 31, 2026) 40 FTSE 100 companies sought shareholder approval for a new remuneration policy and 16 of those companies proposed a new policy before their existing policy had reached the end of its three-year cycle.
  • The trend continued in PY2026 when 49 companies proposed a new remuneration policy and 15 of them did so before their current frameworks expired.
  • Shareholder support for remuneration policies remains strong, with no FTSE 100 company remuneration policy failing to obtain sufficient approval during the past five years.
  • In PY2026, variable pay opportunities accounted for 76.4% of total granted pay, of which 50.5% percent related to long-term incentives.
  • Overall, median granted total pay for FTSE 100 CEOs increased from GBP4.8 million in PY2022 to GBP5.8 million in PY2026.