In this report, we focus on movements in senior executive reward, including Chief Executives, having regard to fixed remuneration and annual incentive payments over the period since 2008 when the Global Financial Crisis impacted on profitability, asset values and market capitalisation.
When is Advice not Advice?
a number of boards may not be either receiving or taking advice in relation to KMP remuneration matters.
Proxy Voting Amendments
>When extensive amendments were made to the Corporations Act 2001, in mid-2011, concern was expressed about the lack of clarity on the right for proxy holders, who were also key management personnel (KMP) (or a related party of a KMP), to vote on KMP remuneration, in effect to take part in the non-binding vote on the remuneration report.
Governance & Remuneration Advisors
In the first half of this year, Egan Associates has been asked to consider a significant array of strategic reward challenges arising from Boards facing shareholder opposition to their remuneration practices.
Shareholder and Governance Matters
Around the globe, regulators are requiring fuller disclosure of not only the level of executive remuneration, but also the policies on which it is based.
A Second Look at Superannuation Changes
What does the superannuation landscape look like now?
Increased Pressure on CEOs Amidst Volatile Economic Conditions
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.