2016 – A Year of Renewal and Development

Thank you and Merry Christmas

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EA Principal John Egan

2016 has been an interesting while challenging year. Demand for our expertise has continued to be high and we have hired additional experienced consulting and analytics staff to ensure clients’ projects receive the considered attention expected of the Egan brand.

We have enjoyed our ongoing engagements throughout the year with established clients. We have also had a productive year collaborating with investment funds, private equity, major accounting, legal and consulting practices, as well as executive search firms in managing some of the challenges of attracting and retaining key leadership. The referrals we have received from these clients and partners have been much appreciated.

Work over 2016

Alongside remuneration reviews for major listed companies, we have continued to have an active engagement in IPOs, divestments and M&As, as well as providing advice to emerging high growth companies and unlisted companies across all industries. We have also been contracted to accept appointment as a remuneration expert in matters subject to dispute before the courts.

We are closely monitoring votes on remuneration reports, taking note of any disclosure or remuneration strategy shortcomings raised by proxy advisers or other stakeholders. Throughout the year, we have been engaged in assisting companies that have had an adverse vote on their remuneration report and have also enjoyed supporting Boards in solving complex challenges with unique reward strategies.

The future of HR services

The strength of 2016 has shown that traditional consulting remains a core service for most companies. Yet as any sector, consulting is ripe for disruption. In preparation of changing client expectations and an increasing emphasis on the digital delivery of services, Egan Associates has embarked on creating a foundation for the next era of its development, making key appointments and continuing to invest in technology.

It is our view that many of the more routine aspects of HR can be undertaken with the aid of technology. In 2017, we aim to provide our clients with online solutions which will free up their time to focus on more strategic HR work.

Egan Associates’ thought leadership

2016 has also been a fantastic year for the Egan Associates newsletter, with magnificent growth in readership.

The top 10 articles of the year (in order) examined NED Fees, CEO and CFO Fixed Remuneration, STI Deferral, Remuneration Report Trends, Bonuses, Gender Pay, Remuneration Recommendations, Remuneration Report Disclosure, Influencing Culture via Remuneration, and Proxy Advisor Views.

Major media publications such as the Financial Times, The Australian and The Australian Financial Review, have sought Egan Associates’ opinion throughout the year on various remuneration and corporate governance matters. Specialist magazines such as the AICD’s Company Director magazine and AIM’s Leadership Matters magazine have also asked for comment.

I look forward to 2017 with considerable enthusiasm as we take a leap forward into the digital world to provide better, more cost efficient and innovative support for our clients.

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