Our Insights on: governance, strike risk management, communications and stakeholder issues.
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49Clawback of Overpaid KMP Remuneration
May 2013
Released in December 2012, 'Corporations Amendments – Improving Disclosure Requirements' recommended a clawback of remuneration overpaid to key management personnel (KMP). The topic remains relevant due to many companies already having introduced clawback policies.
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48Are ASX Listed Companies Breaching the Law?
Apr 2013
This issue focuses on two ASX Listing Rules and the relevant related party provisions of the Corporations Act as compliance with these provisions often involves advice from independent external remuneration consultants.
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46Share Ownership for Non-executive Directors
Feb 2013
Paying NEDs in options remains contentious. NEDs holding options can be seen as possibly detracting from their independence and impartiality. This edition seeks to encourage further consideration of options as an element of NED remuneration.
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45Checklist for Remuneration Committees
Jan 2013
Boards should consider moving beyond compliance to what else should be done to ensure that the issues are governed and communicated effectively. This checklist outlines some of the issues that should be considered by the Remuneration Committee undertaking this task.
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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...