Recent events around the world highlight increasing skepticism and decreasing faith among shareholders on Key Management Personnel (KMP) remuneration practices.
Budget 2012 Announcement – Less Golden Handshakes
The Government has unexpectedly announced a limit to the availability of the Employment Termination Payment tax (ETP) offset.
Budget 2012 Announcement – More Living-Away-From-Home-Allowance (LAFHA) Changes
The Government has announced further restrictions on the availability of the living away from home allowance.
Budget 2012 Announcement – Superannuation Changes : A Double-Whammy
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.
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
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.
“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.
Review of 2011 Reporting Season
The 2011 company reporting season created plenty of headlines as executive remuneration reports were scrutinised by shareholders and the market alike.
Interviews
In this interview John Egan, Chairman and Founder of Egan Associates offers his reflections on the journey of consulting, what clients need from a consultant or advisor, the changing landscape facing clients today, the diversity of clients and the unique issues they encounter, the evolution of the Egan Associates’ perspective on reward and governance.