It is important that the work of the many ethical and concerned remuneration consultants is not ignored as a result of uninformed comment.
Author Archives: EGAN Associates
Termination Payments & Shareholder Approvals
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.
Rudd Government Inquiry into Director & Executive Remuneration
Care is needed to ensure that the collection of tax is not used to manipulate the remuneration market in ways which lead to unintended results.
CEO Reward Looking Forward & Back
Following the publication of the Productivity Commission’s (PC) Issue Paper on the regulation of director and executive remuneration in Australia in April, a significant diversity of proposals have been submitted to the Commission for its consideration.
Significance of Disclosure
From time to time, there is discussion of the function and effectiveness of disclosure in regard to executive reward.
Share Plan Submission – article
This article is based on Egan Associates’ submission to Treasury during the consultation process. It includes the results of further research into the effects of
2009 Review of Share Plan Taxation
Employers and employees will be pleased to see that the Assistant Treasurer, the Hon. Chris Bowen MP, has announced a consultation process on the budgeted tax changes in regard to employee share plans.
Board Obligations
The present crisis in financial and capital markets highlights issues which have been raised in the Australian, US, UK and European parliaments regarding the independence of external advisors and their level of engagement in the provision of professional services to corporations.
CEO Executive Pay Excess – Does it Really Exist?
While there is a significant focus on substantial rewards paid to senior executives in major corporates, the facts reveal that outside the top 100 companies only a small percentage of senior executives, including Chief Executives, receive salaries plus annual incentives to a combined value of $1,000,000.
Executive Remuneration – New Horizons, New Rules
Over the past decade the average level of market capitalisation of a top 100 company increased from less than $4 billion to $12 billion, with profits escalating from around $350 million to an average in excess of $1 billion.