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.
Interviews
Global Issues Impacting Remuneration – 2011
Egan Associates discusses two issues impacting remuneration this year.
Legislative Change in the Corporate Environment
While legislation is being debated in Parliament, many of the key issues raised by commentators and practitioners alike have been ignored by the Government.
Egan Associates submission on “2 Strikes” to Treasury
Egan Associates made its own submission to Treasury on the proposed legislation which will give shareholders a “two strikes” opportunity to vote down remuneration and oust a board at will.
Women on Boards
If you are a woman and aspire to a director role, it certainly pays to get onto the board of a Top 100 ASX Company, because this is where the opportunities for women are the greatest.
ASX Listing Rule Changes
The ASX has foreshadowed two amendments to the Listing Rules coming into effect in 2011.
Is What You See…What They Get?
Shareholders have long complained about lack of transparency and company officers know that compliance does not equal communication and accounting practices do not deliver clarity.
The 25% Proposition
When the Productivity Commission made a Draft Recommendation (Number 15) that entire Boards could be required to stand for re-election when specified proportions of shareholders had voted against the Remuneration Report in two successive years, it became clear that enough attention had not been paid by the market over the years as to how many, and which, shareholders vote at meetings.
The Role of the Remuneration Consultant
It is important that the work of the many ethical and concerned remuneration consultants is not ignored as a result of uninformed comment.
Significance of Disclosure
From time to time, there is discussion of the function and effectiveness of disclosure in regard to executive reward.