Guidebook of responsible remuneration
Over the past five years, Reward Value has done extensive research on modernising executive pay. With the Guidebook Responsible Remuneration, the foundation has turned its findings into a pragmatic and hands-on instrument that can help companies develop a responsible remuneration policy that will steer corporate behaviour in support of sustainable long-term value creation. The Guidebook is based on Reward Value’s Principles of Responsible Remuneration (PRR), that were launched at the World Economic Forum 2023 together with UN Global Compact and InTent.
guidebook of Responsible Remuneration
Over the past five years, Reward Value has done extensive research on modernising executive pay. With the Guidebook Responsible Remuneration, the foundation has turned its findings into a pragmatic and hands-on instrument that can help companies develop a responsible remuneration policy that will steer corporate behaviour in support of sustainable long-term value creation. The Guidebook is based on Reward Value’s Principles of Responsible Remuneration (PRR), that were launched at the World Economic Forum 2023 together with UN Global Compact and InTent.
request guidebook
We are pleased to offer the e-version of the Guidebook free of charge. It is our belief that responsible remuneration will accelerate the change to a regenerative and inclusive economy.
As a non-profit knowledge institute, Reward Value shares remuneration expertise with consultants, shareholders, universities and board members through education, research, workshops, training and advice. We value working with you on our shared ambition.
If needed, we can assist your company in applying the Guidebook. Such services will be subject to a mutually agreed fee.
Please, leave your details in the form below to receive the Guidebook of Responsible Remuneration
request guidebook
As a non-profit knowledge institute, Reward Value shares remuneration expertise with consultants, shareholders, universities and board members through education, research, workshops, training and advise. We value working with you on our shared ambition.
If needed, we can assist your company in applying the Guidebook. Such services will be subject to a mutually agreed fee.
Hard copies of the Guidebook can be ordered separately per email. Costs of printing and shipping will be invoiced separately.
7 PRINCIPLES OF RESPONSIBLE REMUNERATION (PRR)
PURPOSE
PERFORMANCE
IMPACT
LONG-TERM
ENGAGEMENT
TRANSPARENT
FAIRNESS
6 steps to Activate the Principles
STEP 1
Define the goal
STEP 2
Decide what matters
STEP 3
Decide weightings
STEP 4
Set time frames
STEP 5
Set targets
STEP 6
Incorporate fairness
5 CONTROL STEPS
STEP 1
Company performance
Has the company delivered on its strategic goals as defined for the reporting period?
STEP 2
Strategic progress
Is the company on track to deliver on its long-term ambitions?
STEP 3
Pay for performance
Does the proposed pay-out reflect the delivery of objectives set against the incentive targets? Is a detailed disclosure given by the company?
STEP 4
Fairness of remuneration outcomes
Has the company taken interests of its stakeholders into consideration when deciding on remuneration pay-outs?
STEP 5
Board intervention
Has the board applied any discretion in its decision-making process?