The Government reminded us late in February that its reforms to executive remuneration and the reporting thereof is a continuing process and we can expect more in terms of legislative change as the year progresses.
The changes to the Corporations Act 201 to regulate the appointment and giving of advice by remuneration consultants impacts not only our corporate and board clients but Egan Associates as advisers.
The Corporations and Market Advisory Committee (CAMAC) has provided a report on Australia’s director and executive remuneration disclosure requirements and included are a number of specific suggestions to improve company reporting on this issue.
The government is proceeding with legislation to provide a ‘two strikes’ rule on executive remuneration and to regulate the engagement of remuneration consultants.
Our regular round-up of international issues.
Australia’s recent changes to legislation affecting executive remuneration are setting a benchmark as the UK government launches its own review into executive remuneration.
The Centro Case attracted much interest as the expectations of directors and how they approach their responsibilities was explored.
The 2011 company reporting season created plenty of headlines as executive remuneration reports were scrutinised by shareholders and the market alike.
Advice sought today is offered in a very complex environment, under the watchful eye of regulators, shareholders, companies and CEOs alike.
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.