Among the top 100 companies whose financial years ended between January and October 2009, CEO reward levels reflected a decline from 2008 and a significant decline from the peak of the 2007 calendar year.
Author Archives: EGAN Associates
Egan Associates / Korn Ferry Board Report 2009
Egan Associates and Korn Ferry have released the Board of Directors Study Australia and New Zealand 2009.
The 25% Proposition
When the Productivity Commission made a Draft Recommendation (Number 15) that entire Boards could be required to stand for re-election when specified proportions of shareholders had voted against the Remuneration Report in two successive years, it became clear that enough attention had not been paid by the market over the years as to how many, and which, shareholders vote at meetings.
Termination Payments Approvals
The potential implications of the changes made to the requirements for approval of certain termination payments are complex.
Non-Executive Directors Remuneration
The remuneration of non-executive directors has changed radically over the last forty years to respond to the change in the complexity of business, increased regulation and a major expansion of the expected involvement and expertise of members of the Board.
KMP Report No.1 : Change in Executive Pay Structures – 50 years
The structure and level of executive remuneration today is a product of a series of
sequential influences.
Review to Limitations to Termination Payments
The treatment of termination payments, recognising the complex nature of their sources, means that requiring shareholders to undertake the required study and analysis of their sources is putting an unfair
burden on the shareholders when it is the recognised role of the Board to manage these matters.
The Market’s Up & So is Pay
The Australian economy is one of the most robust in the world, albeit relatively modest in scale.
Long Term Incentives
Equity based long term incentive plans, while not universally permeating the reward of an entire workforce, have a critical place in executive remuneration.
Performance Pay Correlates of Reward
This article is based on material provided to the Productivity Commission in a submission on its enquiry into director and executive remuneration in Australia.