Generated by Yoast SEO v26.5, this is an llms.txt file, meant for consumption by LLMs. The XML sitemap of this website can be found by following [this link](https://www.guerdonassociates.com/sitemap_index.xml). # Guerdon Associates: Remuneration Consultancy ## Pages - [Research Reports](https://www.guerdonassociates.com/research-reports/) - [Thank you](https://www.guerdonassociates.com/contact/thank-you/) - [Contact](https://www.guerdonassociates.com/contact/) - [About](https://www.guerdonassociates.com/about/) - [Contact](https://www.guerdonassociates.com/contact-3/) ## Articles - [Non\-Executive Director Remuneration Update](https://www.guerdonassociates.com/articles/non-executive-director-remuneration-update/): Our analysis this year includes the relationship between non\-executive director pay and chairman pay\. However, for the first time in the newsletters, we publish research on the relationship between director pay and workload\. - [Research verifies that good remuneration governance correlates strongly with investment returns in both good times and not so good times](https://www.guerdonassociates.com/articles/research-verifies-that-good-remuneration-governance-correlates-strongly-with-investment-returns-in-both-good-times-and-not-so-good-times/): Goldman Sachs J B Were \(GSJBW\) recently updated their analysis of the correlation between governance ratings and share price performance\. This article summaries the outcomes of their research\. - [Taking a hit in the GFC could have unfair executive pay results](https://www.guerdonassociates.com/articles/taking-a-hit-in-the-gfc-could-have-unfair-executive-pay-results/): Companies whose share price dropped the most during the recent GFC may be setting their executives up for windfall rewards if they have awarded share based remuneration contingent on relative TSR rankings\. - [The real story on 2009 CEO pay \- median increases of 1\.5% with large reductions in performance pay](https://www.guerdonassociates.com/articles/the-real-story-on-2009-ceo-pay-median-increases-of-1-5-with-large-reductions-in-performance-pay/): Recent media reports single out individual CEOs who have received large bonus payments or large base salary increases\. - [The real story on CEO pay over the past year – median increases of 15%, and more of this paid as long term incentives](https://www.guerdonassociates.com/articles/the-real-story-on-ceo-pay-over-the-past-year-median-increases-of-15-and-more-of-this-paid-as-long-term-incentives/): Recent media reports have suggested that overall CEO pay has not moved since the prior year and that pay is becoming more short term\. ## Content Blocks - [About section](https://www.guerdonassociates.com/content_blocks/about-section/) - [Subscribe section](https://www.guerdonassociates.com/content_blocks/subscribe-section/)