PART 3 Amendments to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008

18 Amendment of Schedule 8
In Part 4 (directors’ remuneration policy), after paragraph 35 insert—

“35A The directors’ remuneration report must, in respect of each person who is a director (other than a director who is not performing an executive function)—
(a) set out for performance targets or measures relating to more than one financial year, an indication of the maximum remuneration receivable assuming company share price appreciation of 50% during the relevant performance period, and
(b) provide a short description of the basis of the calculation reported under sub-paragraph (a).”