Partners’ remuneration

Remuneration Committee

The Remuneration Committee, which is a subcommittee of the Partnership Committee, is responsible for setting the remuneration framework applicable to the CEO, dependent upon the achievement of predetermined objectives.

Members’ remuneration

The firm’s profits are distributed either as a fixed profit share or in accordance with members’ profit sharing units, which are allocated depending on role and assessed ability, and by reference to members’ and teams’ performances having regard to areas such as financial performance, client service, risk management, technical performance and the upholding of ethical and independence standards.

Audit partners are remunerated by reference to the complexity, risk and quality of the work for which they are responsible, in addition to a number of other criteria. Audit partners are not remunerated by reference to non-audit services sold to their audit clients.