Melrose Industries plc

Company characteristics

Assessed report publication year
Financial year end 31/12/23
Sector Industrials
Head office United Kingdom
Primary listing London Stock Exchange
GBP market cap 7,668,270,971
Net profit margin -30.42%
CEO tenure 11.8 years
Employee count 38,621
FRF draft assessment response —

Reward scrutiny

Living wage accredited No Living wage (calculation for operating regions) No
Living hours accredited No Tax reporting (GRI 207) No

Remuneration policies

Remuneration committee 100% independent No Remuneration committee discretion applied No
Director from workforce No Trade union relations (disclosure) No
Worker consultation on top pay (disclosure) No 80%+ shareholder support on pay Yes

Reward outcomes

CEO total pay (GBP) 1,256,000 CEO total pay change 2.87%
CEO pay ratio (to median employee) 25:1 Percentage point increase in maximum variable remuneration 600%
Pension award parity between CEO and wider workforce Yes Pay of the next highest exec compared to CEO 82.56%
Gender pay gap (mean data) — Gender pay (women % in top quartile) —
Ethnicity pay gap (disclosure) No Total dividend (GBP) 675,737,66