Report
Expert Corporate Governance Service (ECGS)
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proxy report 12/07/2018

Item 2: Approve the Remuneration Policy


The main concerns with remuneration at the company relate to disclosure of performance targets and, consequentially, the alignment of pay with performance for the annual bonus, and the payment of an excessive level of incentive pay.
However, the maximum bonus meets guidelines. Use of qualitative criteria does not exceed guidelines. Pay has a sufficiently long term orientation. Pension and benefits are not excessive. Total remuneration is not excessive.


Item 3: Approve the Remuneration Report

The structure is generally satisfactory. Disclosure of performance targets for the STI is poor, but the achievement level of both financial metrics is justified.

Underlying
Land Securities Group PLC

Land Securities Group is a real estate investment trust. Co. buys, sells, develops and manages commercial property in the U.K. Co.'s operations are organized into two operating segments, the London Portfolio and the Retail Portfolio. The London Portfolio includes all Co.'s London offices and central London shops and the Retail Portfolio includes all Co.'s shopping centers and shops (excluding central London shops), hotels and leisure assets and retail park properties.

Provider
Proxinvest
Proxinvest

Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

Proxinvest main services are :

  • ​Proxy reports
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Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.

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As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide. 

Analysts
Expert Corporate Governance Service (ECGS)

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