Care is needed to ensure that the collection of tax is not used to manipulate the remuneration market in ways which lead to unintended results.
CEO Reward Looking Forward & Back
Following the publication of the Productivity Commission’s (PC) Issue Paper on the regulation of director and executive remuneration in Australia in April, a significant diversity of proposals have been submitted to the Commission for its consideration.
Significance of Disclosure
From time to time, there is discussion of the function and effectiveness of disclosure in regard to executive reward.
Share Plan Submission – article
This article is based on Egan Associates’ submission to Treasury during the consultation process. It includes the results of further research into the effects of
2009 Review of Share Plan Taxation
Employers and employees will be pleased to see that the Assistant Treasurer, the Hon. Chris Bowen MP, has announced a consultation process on the budgeted tax changes in regard to employee share plans.
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.
CEO Executive Pay Excess – Does it Really Exist?
While there is a significant focus on substantial rewards paid to senior executives in major corporates, the facts reveal that outside the top 100 companies only a small percentage of senior executives, including Chief Executives, receive salaries plus annual incentives to a combined value of $1,000,000.
Executive Remuneration – New Horizons, New Rules
Over the past decade the average level of market capitalisation of a top 100 company increased from less than $4 billion to $12 billion, with profits escalating from around $350 million to an average in excess of $1 billion.
Executive Balance Sheet
Executives are not isolated from the broad market pressures affecting many constituents and certainly all investors. To profile an executive as an individual isolated from
Repricing Human Capital
Traditionally there has been at the level of CEO and direct reports a strong correlation between base pay, annual revenues and market capitalisation and an even closer relationship to total reward (that is fixed pay plus annual bonus plus the value of long term incentives), and growth in market capitalisation and a company’s level of profitability.