-
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 ...
-
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...
-
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)...
-
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 ...
-
8ASX Response to Options for NEDs
Sep 2008
In GRG Remuneration Review No 6 Options for Non-executive Directors which was published in April 2008 it was pointed out that the Australian Securities Exchange (ASX) had been approached seeking clarification of the treatment of share options and other equity units in relation to aggregate fees limits (AFL)...
-
7LTIs vs STIs and Accounting Charges
Jul 2008
A comment that is currently circulating is that companies are moving out of long term incentive (LTI) plans and into larger short term incentive (STI) plans. Our experience is that this statement is generally not true in relation to top executive roles but ...
-
6Why Options Should be Provided to NEDs
Apr 2008
This article discusses the provision of equity units (shares, rights and options) as part of nonexecutive director (NED) remuneration. This is an area that has started to attract media attention and commentary from various stakeholders ...
-
4Institutional Investor Perspectives on Executive Remuneration
Jun 2007
In April 2007 Institutional Shareholder Services Pty Limited undertook a survey on behalf of a small group of six sponsors. GRG was one of the sponsors and saw that sponsoring such a survey would help in keeping abreast of the latest views of institutional shareholders who are important and influential stakeholders in the area of executive remuneration ...
-
3Reviewing CEO Remuneration
Jun 2006
Stakeholder interest, greater transparency and corporate governance considerations have lead to Boards paying greater attention to the process of reviewing CEO remuneration. While advice from independent specialist firms of remuneration advisors is important it remains incumbent upon Boards to ensure that they critically review the advice and satisfy themselves as to its appropriateness to the company's circumstances before they make decisions on CEO remuneration packages ...
-
1Basics of Remuneration Report Preparation
Oct 2004
Although most companies have remuneration strategies they often have not been formalised into written policies and may not have been critically reviewed for some time, recent amendments to the Corporations Act require listed companies Remuneration Reports to ...
©2012–2024 Godfrey Remuneration Group | All rights reserved | Privacy | T&Cs | Site by Cyberdog Design
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.