The recently released Report from the Government’s Workplace Gender Equality Agency (WGEA) indicates greater representation of women in leadership roles in the five years to
Author Archives: EGAN Associates
Pay Equality
In its recent Report spanning five years of data collection to July 2018, the Workplace Gender Equality Agency observed a decline in the pay gap
The Changing Role of the Remuneration Adviser
The forensic examination of documents by the Hayne Royal Commission is likely to lead to additional demands being placed upon Remuneration Consultants and Board Remuneration Committees.
The Role of the Board – A Perspective from the Hayne Royal Commission
Questioning by Counsel at the Hayne Royal Commission of Board Chairmen, CEOs and accountable executives has revealed the market’s expectation of the level of stewardship and scrutiny which shareholders and customers in particular might anticipate rests with the Board or the CEO in communicating strategy, financial results and breaches of company policy.
A Review of Proxy Advisors and Institutional Investor Guidelines on Executive Remuneration
When it comes to executive remuneration there are multiple stakeholder commentators including government institutions such as ASIC and APRA, universities and think-tanks, remuneration consultants, proxy advisors, retail and institutional investors to name a few.
Strikes Against the Remuneration Report – 2018 AGM Season
There has been a significant increase in the number of ASX 300 companies receiving a strike against their remuneration report in the 2018 AGM season, with fifteen companies overall receiving strikes compared with six in 2017.
A Decade of Change in KMP Rewards
The decade since the Global Financial Crisis can be regarded as one of considerable change in relation to incumbency and reward.
Addressing the Gender Pay Gap
We note that in reports of early November, the Workplace Gender Equality Agency (WGEA), using ABS data, revealed that the national gender pay gap presently stands at 14.6%, the lowest in twenty years. The WGEA noted that the gap had hovered between 15% and 19% over the past two decades.
Governance – Increasing Complexity and Scope
The 2017 and 2018 reporting periods have seen increased shareholder activism, changes in emphasis and priorities expressed by institutional investors and proxy advisors, and a sense of urgency in addressing issues arising from the Hayne Royal Commission which are clearly observed as extending beyond the Financial Services Sector.
Growth in Average Weekly Earnings
The past 10 years has highlighted that movement in Average Weekly Ordinary Time Earnings (AWOTE) are almost twice that of the movement in the Consumer Price Index (CPI).