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.
There has been a significant increase in the number of ASX 300 companies receiving a strike against their remuneration report in the 2018 AGM season, with fifteen companies overall receiving strikes compared with six in 2017.
Two recent shareholder-initiated strikes, one at Telstra and the other at Tabcorp, potentially reflect different foundations leading shareholders to vote against their Remuneration Reports.
Companies need to identify ways to make annual general meetings (AGMs) transparent, ethical, and effective.
Following the recent decision of the Fair Work Commission in relation to minimum earnings, there has been a considerable amount of press comment and research data reflecting on the rate of growth in CEO reward.
In recent weeks, the Australian Council of Superannuation Investors (ACSI) published their annual review of CEO pay in the ASX 200. Research is conducted on the organisation’s behalf by Ownership Matters, an Australian governance advisory firm.
Senior executive’s fixed or come-to-work remuneration among Australia’s leading companies has been in decline over the last decade.
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”.
When ASX listed companies seek independent counsel on remuneration issues, remuneration advisers can find themselves faced with numerous scenarios which can result in conflict with a departing Executive, especially where the level of compensation as part of a separation or nominal resignation is being discussed.
The first Newsletter of the 2018 calendar year provides not only comment on contemporary issues, but also includes comment on the 10 most popular articles over the last 60 editions of our Newsletter and the most widely read Key Management Personnel Reports (KMP Reports) of the past 5 years.