In the US, a new directive has been issued by the New York Stock Exchange (NYSE) on the use of proxy votes by brokers who previously had the capacity to vote on behalf of shareholders without any proxy directions.
ASIC Announcement on Improving Disclosure of Executive Pay
ASIC recently announced that it has more to say on the issue of executive remuneration and has called on companies to improve the disclosure of
Ongoing Government Reform to Executive Remuneration and Reporting in Australia
The Government reminded us late in February that its reforms to executive remuneration and the reporting thereof is a continuing process and we can expect more in terms of legislative change as the year progresses.
Implementing Legislative Change in a Corporate Environment
The changes to the Corporations Act 201 to regulate the appointment and giving of advice by remuneration consultants impacts not only our corporate and board clients but Egan Associates as advisers.
CAMAC on Disclosure
The Corporations and Market Advisory Committee (CAMAC) has provided a report on Australia’s director and executive remuneration disclosure requirements and included are a number of specific suggestions to improve company reporting on this issue.
Amendments to Corporations Act passed in the Senate
The government is proceeding with legislation to provide a ‘two strikes’ rule on executive remuneration and to regulate the engagement of remuneration consultants.
Global Issues Impacting Remuneration – Say on Pay
Our regular summary of global issues impacting remuneration here in Australia.
Federal Government Reviews Politicians & Senior Executive Pay
In the second half of 2011, Egan Associates was commissioned to review the salaries for Federal politicians.
Global Issues Impacting Remuneration
Our regular round-up of international issues.
UK Enquiry into Executive Remuneration
Australia’s recent changes to legislation affecting executive remuneration are setting a benchmark as the UK government launches its own review into executive remuneration.