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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41CEO Remuneration Trends
Aug 2012
We analyse median remuneration practice for CEOs of ASX listed companies with market capitalisations of between $25 million and $10 billion at the end of June 2011, and remark on any trends that can be observed on a whole of market basis.
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39Annual KMP Remuneration Review
Jun 2012
It is around this time of year that most Australian Securities Exchange (ASX) listed companies review the market competitiveness of remuneration for key management personnel (KMP) who are broadly the non-executive directors (NEDs) and top executives. We discuss recent developments and approaches that may be taken to the review process. Due to regulatory changes it is now essential that reviews of KMP remuneration be clearly separated from reviews of remuneration for other employees.
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38“First Strikes” Analysis of S&P/ASX300 Companies
May 2012
As foreshadowed in GRG Remuneration Review 35 "Preliminary Observations on First Strikes", we have undertaken analysis of voting on Remuneration Reports for companies in the S&P/ASX300. Most companies with December 2011 year-ends have now had their AGMs, thus it was timely to undertake this analysis.
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37Incentive Reporting Review, Two Strikes and TSR Alpha’s Advantages
Apr 2012
Section 300A of the Corporations Act specifies the minimum disclosure requirements for Remuneration Reports of ASX listed companies in relation to key management personnel (KMP). However, these are seen as not sufficient by many and some companies have gone further, pre-empting proposed Corporations Act amendments...
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36Strike Back On LTI Vesting Conditions
Feb 2012
Over the next few months boards will, in the context of the "two strikes" shadow, be reviewing many aspects of key management personnel (KMP) remuneration. One area with which most companies seem not to be satisfied is the metrics used for vesting of LTI grants ...
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35Preliminary Observations on First Strikes
Jan 2012
The recent round of annual general meetings (AGMs) saw a number of companies receive their "first strikes" (25% or more negative votes on the Remuneration Reports...
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34Righting Some Wrong in the Executive Pay Debate
Jan 2012
GRG is of the view that the TSR Alpha concept represents a significant step forward in the executive remuneration debate and ofers a way to address problems associated with traditional long term incentive plans particularly the use of relative TSR as a performance measure...
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33STI Plans – alignment and disclosure
Nov 2011
Recent press articles on key management personnel (KMP) remuneration disclosures in Remuneration Reports seem to expect that disclosed remuneration levels from one year to the next should be lower if shareholder value has declined. Boards are often criticised and remuneration strategies tagged as not working when disclosed remuneration levels have not fallen in line wiht falls in shareholder value. The rationale for such views seems to be that there is only one measure of performance over the short term...
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32Prejudicial Media and Executive Remuneration
Oct 2011
With the commencement of the two strikes rule (two successive 25% or more of negative votes on Remuneration Report resolutions means that a third resolution needs to be put to shareholders giving them the opportunity to spill board seats) boards have become concerned to minimise the risk of receiving a strike against their Remuneration Report...
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31Governance changes regarding remuneration consultancy (post passing of bill)
Sep 2011
External remuneration recommendations for key management personnel (KMP) are now a major issue to be addressed by all companies that are listed on the Australian Securities Exchange (ASX) ...