Who We Are

The Remuneration Consultants Group (RCG) represents the overwhelming majority of executive remuneration consultancy firms advising UK listed companies. The Group was formed in early 2009 with, as its sole aim, the development of a voluntary Code of Conduct that clearly sets out the role of executive remuneration consultants and the professional standards by which they advise their clients, which for the most part are Remuneration Committees.
The establishment and role of the RCG has been recognised and welcomed in the Walker Report which was published in November 2009.

Our Responsibility

The Group is responsible for the maintenance and future revisions of The Code. Such a review will be conducted by the Committee led by an independent Chairman. The process for the first review of The Code will commence at the end of 2010 and continue into 2011. Thereafter, the Code will be reviewed every two years. As part of the review process, the Committee will ensure that input is sought from all relevant stakeholders.

The exclusive role of the RCG is to periodically review The Code rather than to comment on substantive developments in executive remuneration practices or arrangements at individual companies. Remuneration consultants and their clients are encouraged to use The Code as the basis for agreeing terms of reference and members of the RCG commit to discuss these issues with clients. It is these contractual relationships which then govern the terms of reference and responsibilities.