This article was triggered by an enquiry from Patrick Durkin of the Australian Financial Review, responding to comments by the former Treasurer, Wayne Swan, that Chief Executive pay is “out of control”.
Criticality of Board Capability
Having reviewed the statement prepared by the ASX 200 Boards in relation to Director capability, incorporating skills and experience, we have noted indicatively two approaches.
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Fair Work Commission – 2018 Minimum Wage Decision
On June 1st 2018 the Fair Work Commission increased the minimum wage by 3.5%.
Superannuation in the Spotlight
For a number of reasons, superannuation funds in Australia are providing mixed returns for members.
Issues on the Mind of Boards, CEOs and their Advisors
Remuneration planning over the coming two years
Fair Work Commission’s decision on the minimum wage.
Does top pay attract the most capable?
Tax concessions for major corporations
Board renewal & effectiveness reviews
Governance and Pay: Ministers and Board Chairmen
With comments from proxy advisers, major institutional investors and shareholder activists questioning Directors’ (particularly Chairmen’s) capacity, to serve on more than three or four Boards for which they will often receive more than $1 million in annual fees, the community should not be aggrieved with the level of reward paid to our Prime Minister, our Premiers or our Ministers.
2018 Mid-Year Pay Review
The setting for a June/July Pay Review for those on the minimum wage, those on average weekly earnings, senior professional staff and organisation leadership, is about to become front and centre.
Dealing with Poor HR Data
Every organisation has data about its people in some form or another. In some cases, it is just payroll data; in others it is held in spreadsheets; some organisations are even lucky enough to have some form of HR information system (HRIS).
Superannuation Policy in Practice
The Australian on April 14, 2018 reported that Tony Shepherd, a highly respected executive with significant engagement in the private and public sectors and Chairman of the Abbot government’s cost-cutting taskforce, recently questioned whether Federal public servants and politicians should enjoy a 15.4% employer superannuation contribution when other workers receive only 9.5%.