PART 3Amendments to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008
Amendment of Schedule 818
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).