McInroy & Wood

• Home
• About Us
  • About Us
  • Key Principles
  • Investment Philosophy & Method
  • Personal Service
  • Director's Biographies
  • Firm Structure
• Our Service
  • Segregated Portfolios
    • About McInroy & Wood
    • ISAs
    • Pensions
    • Contact Us
  • Pooled Portfolios
    • About McInroy & Wood Portfolios
    • Our Funds
    • Fund Prices
    • Dividend Information
    • Procedure for Application
    • Regulatory Status
    • Contact Us
• Articles
• Contact Us
  • Contact Details
  • Map with directions

Remuneration Policy Statement

1. The group's remuneration policy is to pay all employees amounts it considers appropriate to their responsibilities.

By virtue of their status, employees who are directors are assumed at all times to be applying their best efforts towards discharging their responsibilities and their remuneration does not reflect any assessment of their relative outputs. Directors do not participate in any bonus or profit sharing arrangement.

The remuneration of other employees reflects an assessment of their ability and general progress and potential. Most are eligible to share in any profit share allocation as may be determined by the board from time to time.

2. Individual profit share allocations are determined by the managing director having regard to such factors as, from time to time, he considers relevant to furthering the progress of the company.

3. The group provides a single service (discretionary investment management) and, other than for operational reasons, does not distinguish between the contributory components of its service.

All members of the senior management of the firm are directors of the group. Individually and collectively, they each and all have a large material impact on the group. Individual remuneration does not reflect any assessment of their relative impact individually. The managing director bears the heaviest responsibilities within the group and his remuneration reflects that fact.

The aggregate remuneration of the directors is disclosed in the annual audited accounts.

Governance

McInroy & Wood does not have a remuneration committee. To the extent applicable, matters relating to remuneration are dealt with by the board as the firm's governing body.

Remuneration structures

Code staff's remuneration consists entirely of fixed salary; there is no variable or deferred remuneration. No guaranteed bonuses, retention awards or discretionary pension benefits have been awarded, nor any sign-on or severance payments made during the year.

 

23 June 2011