Following the recent decision of the Fair Work Commission in relation to minimum earnings, there has been a considerable amount of press comment and research data reflecting on the rate of growth in CEO reward.
In recent weeks, the Australian Council of Superannuation Investors (ACSI) published their annual review of CEO pay in the ASX 200. Research is conducted on the organisation’s behalf by Ownership Matters, an Australian governance advisory firm.
Our last research report dealing with the cost of governance was published in July 2014. Recent discussions arising from our advisory work and highlighted in Board responses from comments made by institutional investors and their advisers and issues recently arising in the Royal Commission into the financial services sector, have made several supplementary issues front and centre.
Senior executive’s fixed or come-to-work remuneration among Australia’s leading companies has been in decline over the last decade.
Egan Associates has received many and varied requests from clients to advise on governance.