# The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Paragraph 3


The directors’ remuneration report must contain a statement by the director who fulfils the role of chair of the remuneration committee (or, where there is no such person, by a director nominated by the directors to make the statement) summarising for the relevant financial year—
(a) the major decisions on directors’ remuneration;
(aa) any discretion which has been exercised in the award of directors’ remuneration;
(b) any substantial changes relating to directors’ remuneration made during the year; and
(c) the context in which those changes occurred and decisions have been taken.

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Source: https://www.legislation.gov.uk/uksi/2008/410/schedule/8/paragraph/3 (the official version)
Page: https://openlegislation.uk/large-and-medium-sized-companies-and-groups-accounts-and-reports-regulations-2008/schedule-8/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.