Has the community the right frame of reference when expressing views about the level of remuneration paid to employees retained by Commonwealth, State or Local Government organisations?
The Australian Council of Superannuation Investors (ACSI) once more commissioned Ownership Matters to undertake a thorough review of CEO reward among the ASX 200.
Recently, CPA Australia was subject to considerable criticism about the remuneration of its prior CEO and management team.
Company Directors have warned that the BEAR regime gives the Australian Prudential Regulation Authority (APRA) too much power and creates more risk-aversion in Authorised Deposit taking Institutions (ADIs). The regime may restrict ADIs in selecting the accountable persons subject to the regime based on essential corporate needs and requirements.
Treasury’s Banking Executive Accountability Regime (BEAR) provides food for thought for every enterprise looking to ensure KMP manage resources in the long-term interests of the organisation.