Credit Suisse has released a research note stating that a large number of ASX 100 companies are understating the value of performance rights or shares they are granting to executives under long term incentive plans.
Author Archives: EGAN Associates
Do Robust Incentives Drive IPO Success?
Private equity (PE) backed IPOs have tended in our experience to adopt a more proactive and robust management incentive framework pre-IPO. Given the nature of
Penalty Rates Decision to Open the Floodgates?
A recent decision to reduce Sunday penalty rates for certain restaurant employees may lead to further employer applications for reductions.
Minimum Wage Decision Nears
The Fair Work Commission’s annual minimum wage review will soon return a verdict, with input from submissions already completed by unions, government and industry.
TSR Tracking: Index vs Select Peer Group
We look at the difference a tailored comparator group can make in determining vesting entitlements using a relative total shareholder return hurdle.
Federal Budget Opens Fringe Benefit Opportunity, Halts AGM Review
The Australian Government has handed down the 2014-2015 budget with a number of initiatives that touch on the world of work.
KMP Report No. 9 : More Work Needed to Link Pay and Performance
Although Directors believe executive pay models have changed for the better following the introduction of the two strikes rule, they are less certain that the rule has helped foster pay for performance.
TSR Tracking – Inclusions and Exclusions
Any inclusions or exclusions from an index comparator group may affect long term incentive plan vesting.
Fair Value Analysis Shows Grant Inflation
A new report from ISS on the use of fair value for the allocation of equity to executives echoes our opinions.
Proposed Corporations Legislation Amendments
The Corporations Legislation Amendment (Deregulatory and other measures) Bill 2014 recently released by Treasury for consultation contained a number of suggested remuneration-related amendments, the implications of which may be broader than intended.