The Code
The Code of Conduct (the Code) is the document agreed by the members of the RCG, which seeks to clarify the scope and conduct of the role of executive remuneration consultants when advising UK listed companies.
The Code, consultants and their clients
The Code recognises that advisors provide an independent service to client companies and their advice should support robust and informed decision making. It sets out the standards of information that consultants should provide to their clients, and good practice guidelines to illustrate how the Code’s principles should be followed.
A useful framework for client relationships
Remuneration Committees may choose to use advisors in a variety of ways (or even use multiple advisors), as not every aspect of the Code may be relevant in each engagement. The Code provides a useful framework for all client relationships. Remuneration Committees retain responsibility for appointing their own advisors and have processes in place for receiving impartial advice on those subject areas upon which they choose to seek advice and ultimately make decisions. It also sets out the professional standards by which members must behave.
The Code was first published in 2009, first reviewed in 2011 and reviewed and revised in 2013, 2015, 2017, 2020 and 2023.
