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82Retirement Savings – The Weak Element of Executive Remuneration
Apr 2016
For all employees and particularly executives, superannuation fails to meet retirement saving needs and no other element of remuneration focuses on this need. Retirement savings is the weak element of executive remuneration and is such a critical issue for most executives that it should no longer be ignored.
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81No Risk Salary Sacrifice Share Investments
Mar 2016
Pre-tax investment in company shares is now an even more attractive employee benefit due to an innovative new approach that: removes limits on the amounts that may be salary sacrificed; provides a guarantee of no loss even if the share price falls; and results in lower overall tax being paid.
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8010pc Shareholding Barrier to LTI Participation Overcome
Feb 2016
We describe an approach that can allow executives with large shareholdings in their company to participate in an LTI plan on the same basis as other executives and yet not be liable for tax on the value of unvested LTI at the date of the grant.
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78Use of External Remuneration Consultants
Nov 2015
GRG has over recent years been recording information disclosed in Remuneration Reports on the use made by ASX listed companies of external remuneration consultants (ERCs). We present some of the data analysed and provide commentary.
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72Selecting Comparator Groups
Apr 2015
Selecting the companies to be included in a comparator group represents a significant challenge for many companies, with the primary criterion of the group being "fit for purpose". Here we discuss three other purposes relating to (KMP) remuneration being (1) external market benchmarking of KMP remuneration, (2) internal database composition and - for companies that use TSR - (3) long term incentive performance.
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71Case Study – Accessing Custom Data
Mar 2015
This case study examines the use of real external data by a newly appointed Remuneration & Benefits Manager who was asked to provide information on a market-competitive total remuneration package for the company CFO who was being replaced. Feedback from the manager was that the GRG database was the easiest to use of the many he had used over several years in similar roles.
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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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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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55A Value-based Perspective on Executive Incentive Plan Design
Nov 2013
Shareholder value is created when management either delivers performance in excess of market expectations, and/or when it convinces the capital markets that it has put a strategy in place that will enable it to do so. The article discusses the application of this simple tenet of finance in the context of setting goals and establishing business performance measurement systems particularly when designing executive reward plans.
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GRG is a consulting firm that exclusively advises employers on employee pay and incentives for non-executive directors, top executive directors and other employees. GRG does not provide personal financial product advice and does not advise individuals or consumers of investment advice or the management of financial products such as shares or interests in superannuation funds or managed investment schemes.