Issues Impacting on Preparation of Upcoming Annual Reports and 2019 AGMs
Considering some observations made by proxy advisers, institutional investors and researchers pertaining to the 2018 financial year, we believe some key issues for 2019 AGMs
Reward in the Financial Sector
Is it time for a new paradigm? Board Remuneration Committees of major companies, of which financial services represent a significant proportion, generally seek information and
New ASX Corporate Governance Guidelines
In late February the ASX released the most recent edition of their Corporate Governance Council’s Corporate Governance Principles and Recommendations. We note that the recommendations
Strikes Against the Remuneration Report – 2018 AGM Season
There has been a significant increase in the number of ASX 300 companies receiving a strike against their remuneration report in the 2018 AGM season, with fifteen companies overall receiving strikes compared with six in 2017.
A Decade of Change in KMP Rewards
The decade since the Global Financial Crisis can be regarded as one of considerable change in relation to incumbency and reward.
Governance – Increasing Complexity and Scope
The 2017 and 2018 reporting periods have seen increased shareholder activism, changes in emphasis and priorities expressed by institutional investors and proxy advisors, and a sense of urgency in addressing issues arising from the Hayne Royal Commission which are clearly observed as extending beyond the Financial Services Sector.
Hayne Banking Royal Commission Interim Report
The Banking Royal Commission’s Interim Report provided us with insights into two very different outcomes resulting from the activities of several financial services organisations.
ASIC Gives the Gift of Advice
Companies need to identify ways to make annual general meetings (AGMs) transparent, ethical, and effective.
Lessons from Banking Royal Commission
One of the questions raised by Rowena Orr, QC in the Banking Royal Commission’s session which took place on 27th April 2018 was “How can companies incentivise good quality advice where the best advice is to do nothing?”
Executive Remuneration, Inequality and Productivity in the Spotlight
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.