Governance and Pay: Ministers and Board Chairmen

With comments from proxy advisers, major institutional investors and shareholder activists questioning Directors’ (particularly Chairmen’s) capacity, to serve on more than three or four Boards for which they will often receive more than $1 million in annual fees, the community should not be aggrieved with the level of reward paid to our Prime Minister, our Premiers or our Ministers.

Independence and Conflicts of Remuneration Advisers

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.

The Past and the Future

The first Newsletter of the 2018 calendar year provides not only comment on contemporary issues, but also includes comment on the 10 most popular articles over the last 60 editions of our Newsletter and the most widely read Key Management Personnel Reports (KMP Reports) of the past 5 years.

The Dilemma with Incentive Structures

An important role for the Board Remuneration Committee is to establish clarity with executives and shareholders around the primary levers that would support additional remuneration for key achievements during a Financial Year. What has emerged in recent years are concerns expressed by shareholders around the level of annual incentive payments, the performance criteria supporting incentives,… Read More