Our Insights on: governance, strike risk management, communications and stakeholder issues.
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21Key APRA Guidelines
Mar 2010
Companies regulated by APRA have been busy implementing Australian Prudential Regulation Authority (APRA), Prudential Practice Guide PPD 511 Remuneration, dated 30 November 2009. Whilst compliance is only required for APRA-regulated companies we believe...
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202009 ESS Taxing Provisions Update
Nov 2009
On 21 October 2009 the new employee share scheme taxing provisions were introduced into Federal Parliament. Given the extended period over which the legislation has been developed it is hoped that there will be no further changes before it is enacted ...
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19LTI Review Checklist
Oct 2009
2009 has been a challenging year in relation to executive long term incentive plans due to uncertainty around the taxation treatment of employee share scheme (ESS) benefits ...
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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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13Aggregate Feel Limit (NEDs) Trends
Mar 2009
It has been four years since we last undertook a detailed analysis of shareholder voting patterns in relation to resolutions seeking shareholder approval of increases in aggregate fees limits (AFLs) which are the caps that apply to fees that may be paid by companies to their non-executive directors (NEDs)...
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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 ...
