The Government has confirmed an additional tax of 15% (on top of the existing flat 15% rate) on concessional superannuation contributions from 1 July 2012 for individuals whose income exceeds $300,000.
Author Archives: EGAN Associates
STOP PRESS
Companies are reviewing performance pay in light of shareholder feedback Property developer Stockland has just announced that executive bonuses for 2012 will be cut following
Improving Gender Diversity
Following on from our article in the March newsletter “Gender and Diversity in the Boardroom” where we revealed that female directors constitute a relatively small proportion of all directors, we have expanded our research to study the repercussions for organisations with women directors.
Disclosure of Executive Remuneration for Industry Super Fund Boards
A recent Financial Services Council report has set a new benchmark for increased governance and transparency for retail and corporate superannuation sectors
Proposed Changes to the “Living Away From Home Allowance”
Executive remuneration for expatriates in Australia is likely to be impacted by the proposed changes to the fringe benefits tax treatment of Living-Away-From-Home –Allowance (“LAFHA”) benefits.
Applying Proposed Clawback Rules
Listed companies will be required to disclose to shareholders through the remuneration report the steps they have taken to clawback bonuses and other remuneration where a material mis-statement has occurred in relation to the company’s financial statements.
“Say-on-Pay” of Proxy Advisers & Institutional Investors
Questions are being asked whether proxy advisers have now gained too much influence as a consequence of the new “Say-On-Pay” reforms
Changes to “Two Strikes” Rule
An unintended consequence of the two strikes rule was that undirected proxies (where shareholders appoint the Chairman to vote on their behalf) were not counted last year.
Implications of a “No” Vote: Non-Binding?
Under the two strikes test (applying from 1 July 2011), shareholders are empowered to vote out a company’s directors if the remuneration report receives a “No” vote from a 25% or greater number of shareholders voting at two consecutive annual general meetings.
KMP Report No. 4 : Executive Remuneration and the Current Debate on Productivity
Where Does Executive Remuneration Sit in the Current Debate on Productivity?