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.
The KMP Report: Non-Executive Directors’ Remuneration ASX Top 300 & NZ Top 50
Our review of Non-Executive Directors’ (NED) remuneration covering the ASX 300 and the NZX 50 through to the end of the 2017 calendar year reveals generally modest fee increases.
Lessons from the 2017 AGM Season
The Australian Securities & Investments Commission issued Report 564 in January this year.
Strikes Against the Remuneration Report – 2017 AGM Season
Among the top 300 listed companies by market capitalisation*, there were six companies that experienced a significant shareholder vote against their Remuneration Report during the final quarter of the 2017 Annual General Meeting season.
The Past and the Future
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.
NZ’s New Corporate Governance Code: Your Questions Answered
The NZX has released the final version of its updated corporate governance code, including recommendations for increased disclosure of executive remuneration.
5 Steps to Avoid a Strike at Your Next AGM
We discuss the simple process companies should follow to minimise the likelihood of a strike at their next AGM.
Towards a Simpler Remuneration Report
Egan Associates considers how disclosure requirements could be improved to enable a more informative, yet concise remuneration report.
Remuneration Report Strikes – 2016 Round-up
2016 has been the year of the high-profile strike, with the list of companies receiving an adverse remuneration report vote reading like a who’s who of corporate Australia.
Five years of the Two Strikes Rule – The Good, the Bad and the Ugly
Five years after the introduction of the two strikes rule, it’s a good time to reflect on the legislation’s effectiveness in ensuring reasonable executive remuneration.