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 will include: The quality and comprehensiveness of disclosures focusing on: Business strategy Financial performance of the year in review Operational performance of the year in review Board composition, renewal and… Read More
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 occasionally advice from consulting organisations in positioning their remuneration strategy.
The recently released Report from the Government’s Workplace Gender Equality Agency (WGEA) indicates greater representation of women in leadership roles in the five years to July 2018, with representation among Key Management Personnel (KMP) increasing from 26.1% to 30.5%.
The forensic examination of documents by the Hayne Royal Commission is likely to lead to additional demands being placed upon Remuneration Consultants and Board Remuneration Committees.
When it comes to executive remuneration there are multiple stakeholder commentators including government institutions such as ASIC and APRA, universities and think-tanks, remuneration consultants, proxy advisors, retail and institutional investors to name a few.