The Australian Securities & Investments Commission issued Report 564 in January this year.
When ASX listed companies seek independent counsel on remuneration issues, remuneration advisers can find themselves faced with numerous scenarios which can result in conflict with a departing Executive, especially where the level of compensation as part of a separation or nominal resignation is being discussed.
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Top Australian companies are currently showing caution with remuneration, paying new CEO hires at a significant discount to their outgoing leadership.
Boards shouldn’t consider the minimum wage decision as a factor in upcoming remuneration reviews without carefully considering the context of that decision.