Remuneration and sustainability risks
Entrepreneur First does not currently have a remuneration policy that is consistent with the integration of sustainability risks, except to the extent described below. Among other forms of remuneration that are provided on a fixed basis, the firm awards employees variable discretionary bonuses on an annual basis. Remuneration levels are justified according to the performance of the individual concerned. The total amount of variable remuneration is based on a combination of the assessment of the performance of the employee and the overall results of the product (where relevant), as well as the conduct of the employee under any relevant internal procedures, policies and compliance requirements (which may, to the extent applicable, include factors relating to Sustainability Risks). This will be reviewed as appropriate on a regular basis.
EF benefits from insights from Option Impact to understand our position in relation to the market. EF sets out for its salary model to be fair, comprehensible, motivating and aligned. Our focus in 2021 remains to bring our existing salary model further in line with the integration of sustainability risk, and we are reviewing approaches to this in 2021.