To embed, copy and paste the code into your website or blog: The 2020 annual general meeting (AGM) season presented challenges for the remuneration committees of U.K. listed companies, which look set to continue into the 2021 season. Executive compensation, the widening gap between workforce and management pay, and reward for underperformance remain key areas of focus for investors. The COVID-19 pandemic has intensified scrutiny in these areas, and has accelerated the move (driven in part by the continuing investor focus on ESG credentials, as detailed in our October 29, 2020, client alert “Finding the ‘S’ in ESG: Boardroom and Employee Considerations”) towards requiring more responsible remuneration practices and appropriate use of remuneration structures. As the COVID-19 pandemic continues into the 2021 AGM season, investors and the public will be assessing how the pandemic’s impact on businesses and the wider workforce should affect decisions concerning executive pay. We have set out below the key issues for listed companies to consider.