Submissions to the Senate Economics Legislation Committee Inquiry into the Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2017 closed on 1 November, with the Committee due to report on 24 November.
It is imperative that Boards ensure their remuneration consultants are providing truly independent advice.
When hiring new talent, an important decision is how much and what form of remuneration to offer the prospective hire.
Although existing superannuation organisations will have three years to meet proposed independence requirements, by 1 July 2016 they will need to formulate a transition plan on an individual Director basis.
A Senate Committee has recommended that legislation changing taxation arrangements for employee share schemes (ESS) be passed.