a number of boards may not be either receiving or taking advice in relation to KMP remuneration matters.
Fair Work Act Review Pleases No one
The review of the Fair Work Australia Act was released on 1 August (PDF), delivering a result which angered businesses, but didn’t leave unions without grievances.
Should we kill the AGM?
The Corporations and Markets Advisory Committee (CAMAC) has just released a discussion paper (PDF), which introduces concepts that could result in the end of the Annual General Meeting (AGM) as we know it.
Governance Looms for Superannuation Firms
On 22 August, the Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012 was passed through parliament without amendments, introducing new laws intended to increase the quality of superannuation fund governance.
Statutory Pay vs. the Real World
The Australian Council of Superannuation Investors (ACSI) has released a reportwhich has made some interesting observations about the discrepancy between the statutory reporting of executive pay and the pay the executive actually takes home.
Pay Freezes and Bygone Bonuses
As the Global Financial Crisis (GFC) first bit back in 2009, it became common for boards to announce executive wage freezes.
Strategic Preparedness
We’re often asked for references on Scenario Planning. Here are some of the best and most readable that we have discovered.
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.
The Influence of Proxy Advisors
here has been considerable discussion about the impact proxy advisors have on the voting patterns of shareholders who now have a more powerful voice on executive remuneration.