The RCG oversees and develops the voluntary Code of Conduct that sets out the role of executive remuneration consultants and the professional standards by which they advise their clients.
The RCG oversees and develops the voluntary Code of Conduct that sets out the role of executive remuneration consultants and the professional standards by which they advise their clients.
The RCG oversees and develops the voluntary Code of Conduct that sets out the role of executive remuneration consultants and the professional standards by which they advise their clients.
The overwhelming majority of executive remuneration consultancies advising UK listed companies are RCG members.
The Code of Conduct seeks to clarify the scope and conduct of the role of executive remuneration consultants.
Who we are
The Remuneration Consultants Group (RCG) was formed in 2009. The overwhelming majority of executive remuneration consultancies advising UK listed companies are RCG members.
The aim of the RCG is the stewardship and development of a voluntary Code of Conduct (‘the Code’) that clearly sets out the role of executive remuneration consultants and the professional standards by which they advise their clients, whether their clients are Remuneration Committees or the executive management of the company. The Group is not a trade body.
The establishment and role of the RCG was recognised and welcomed in the Walker Report which was published in November 2009.
Our responsibility
The Group is responsible for the maintenance of and future revisions to the Code. Every three years a review is conducted by the Board led by the Independent Chairman and the Independent Non-Executive Directors. As part of the review process the Board ensures that input is sought from all relevant stakeholders. In addition, a review of the Code’s effectiveness is carried out every year.
The exclusive role of the RCG is to periodically review the Code, not to comment on substantive developments in executive remuneration practices or arrangements at individual companies. Member firms and their clients are encouraged to use the Code as the basis for agreeing terms of reference. It is these contractual relationships which then govern the terms of reference and responsibilities.