Our Insights on: remuneration policy & market competitiveness; benchmarking; two strikes risk assessment and advice; competitor analysis; incentive design & documentation; regulatory issues management; termination provisions & integration.
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18Shares vs Options for Directors
Sep 2009
Although the new taxing provisions for Employee Share Schemes (ESSs) have not yet been passed by Parliament, it is expected that there will be little change to the provisions contained in the Exposure Draft which was open to submission ...
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17First look at changes to Employee Share Scheme (ESS) Taxation
Jun 2009
On 5 June 2009 the Federal Government backtracked on its 2009 Budget announcement to completely remove all tax deferral in relation to Employee Share Schemes (ESSs). At that time it also released draft amendments to the ESS taxing provisions ...
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16Government View of Executive Remuneration
Jun 2009
Two substantial amendments affecting executive remuneration have been announced by the Federal Government and they are: Reducing the amount of termination benefits that may be paid to top executives, and Removing tax deferral in relation to shares, rights and options ...
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15Analysis of ASA Guidelines
May 2009
The Australian Shareholders Association (ASA) has released a policy statement dated 23 March 2009 titled Executive Remuneration. This statement is to be applied for financial years ending 2010 onwards. Thus, it will apply to financial years commencing in 2009. The delayed application is presumably intended ...
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14Changes to Terminations Benefits
Apr 2009
On 18 March 2009, the Federal Treasurer and the Minister for Superannuation & Corporate Law in a joint Media Release indicated that the Government would amend the Corporations Act to significantly lower the threshold at which termination payments must be approved by shareholders from the current level down to one years average base salary...
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12Review of STI practices
Feb 2009
The aspect of executive remuneration that has received the most commentary in relation to the global financial crisis has been short term incentives (STIs). This article seeks to comment on STI practice in Australia and provide guidance on those aspects where improvement may be needed ...
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11LTIs and Discounted Rights Issues
Jan 2009
Capital raising rights (CRRs) issues are a common occurrence which may increase in frequency as companies seek to bolster their balance sheets in the current global financial crisis. These share issues are normally at a discount to the market share price...
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10Executive Pay in a Downturn
Nov 2008
At the time of writing this article there has been considerable comment and reaction in relation to what has been perceived as the possible role of executive remuneration in contributing to the current global financial crisis ...
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9LTIs and Changes in control, capital reorganisation
Oct 2008
GRG has recently had cause to focus on the early vesting provisions of executive long term incentive (LTI) plans. Early vesting provisions generally include: Those occurring during employment being change-in-control (CIC) situations relating to ...
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7LTIs vs STIs and Accounting Charges
Jul 2008
A comment that is currently circulating is that companies are moving out of long term incentive (LTI) plans and into larger short term incentive (STI) plans. Our experience is that this statement is generally not true in relation to top executive roles but ...