Our Insights on: governance, strike risk management, communications and stakeholder issues.
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76Executive Remuneration Governance
Aug 2015
Increasing regulation, scrutiny and activism in relation to key management personnel (KMP) remuneration in listed companies has been a growing issue for boards. We summarise some underlying principles that can be broadly applied to, and documented by, the majority of ASX listed companies.
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68New Employee Share Scheme Taxing Provisions Released
Jan 2015
On 14 January 2015 Treasury released for public comment drafts of proposed amendments and explanatory materials related to previously announced changes to the employee share scheme (ESS) taxing provisions. Submissions in relation to the proposed changes may be submitted until 6 February 2015. As the amendments are intended to come into effect on 1 July 2015 it may be anticipated that the amendments will be finalised and submitted to Parliament to be passed before the end of June 2015.
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66Employee Incentive Schemes and New ASIC Class Orders
Dec 2014
Released last October by ASIC, Class Order (CO) 14/1000 relates to employee incentive schemes (EISs) operated by companies listed on the ASX and other specified stock exchanges. Our focus here is on plans using equity as part of remuneration arrangements for key management personnel.
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65Managing “Strike”, “Spill” Risks and Responses
Oct 2014
Most boards are caught unprepared because some essential actions need to be taken even before a first strike is received. We review the relevant legislation and suggest "best practice" management of strike risks.
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62Board Committees and Fees
Jun 2014
Although the The ASX Corporate Governance Council clearly sees all four Audit, Risk, Nomination and Remuneration committees as being important, the practices of many companies suggest that boards may be taking a different view.
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60Remuneration Report Audit Alert
May 2014
The Remuneration Report is a critical document for various stakeholders who need to be confident of its accuracy. However, it appears that auditors have been experiencing difficulties in forming views on s300A compliance due to a lack of documentation evidencing the policies being represented in the reports.
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59Major Changes to the Remuneration Landscape
Apr 2014
There are a number of significant changes occurring in the key management personnel (KMP) remuneration space that remuneration committee members, remuneration professionals and company secretaries should be aware of, as the changes are expected to influence the way executive and director remuneration is designed, governed and communicated.
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58ATO Attacks LTI Tax Fiddles
Mar 2014
This Insight covers those aspects addressed by a draft Tax Ruling released for public comment by the Australian Taxation Office (ATO) in relation to long term incentive plans (LTIs) of ASX listed companies.
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53Remuneration Governance – Time Well Spent?
Sep 2013
This issue focusses on the KMP remuneration governance and policy documentation that companies should use as the foundation for preparation of the company’s Remuneration Report.
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51Understanding Proxy Advisors & Stakeholder Groups
Jul 2013
In the last 6 months GRG has been meeting with major proxy advisor and stakeholder groups in order to obtain a better understanding of their expectations with regards to remuneration governance issues. This article summarises the major themes that emerged from those discussions.