We provide information on the remuneration of chairmen, non-executive directors, chief executive officers, chief financial officers and an indicative KMP population, illustrating the 2010 financial year reporting environment
ending 31 December 2010.
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.
CAMAC Report
The CAMAC Report on the disclosure of remuneration and the simplification of incentive components has been postponed until the new year. It will now take
Egan Associates / Korn Ferry Board Study 2010
Egan Associates and Korn Ferry have released the Board of Directors Study Australia and New Zealand 2010.
Egan Associates / Korn Ferry Board Report 2009
Egan Associates and Korn Ferry have released the Board of Directors Study Australia and New Zealand 2009.
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.
Non-Executive Directors Remuneration
The remuneration of non-executive directors has changed radically over the last forty years to respond to the change in the complexity of business, increased regulation and a major expansion of the expected involvement and expertise of members of the Board.
The Market’s Up & So is Pay
The Australian economy is one of the most robust in the world, albeit relatively modest in scale.
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.
Board Obligations
The present crisis in financial and capital markets highlights issues which have been raised in the Australian, US, UK and European parliaments regarding the independence of external advisors and their level of engagement in the provision of professional services to corporations.