Questioning by Counsel at the Hayne Royal Commission of Board Chairmen, CEOs and accountable executives has revealed the market’s expectation of the level of stewardship and scrutiny which shareholders and customers in particular might anticipate rests with the Board or the CEO in communicating strategy, financial results and breaches of company policy.
The decade since the Global Financial Crisis can be regarded as one of considerable change in relation to incumbency and reward.
What role should incentives play in rewarding senior management?
An important role for the Board Remuneration Committee is to establish clarity with executives and shareholders around the primary levers that would support additional remuneration for key achievements during a Financial Year. What has emerged in recent years are concerns expressed by shareholders around the level of annual incentive payments, the performance criteria supporting incentives,… Read More
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