AGM season is just around the corner – is your KMP remuneration aligned with the Australian market?
The resources sector has been hit hard by the COVID-19 pandemic, as many listed companies in the sector have experienced extreme volatility in their share price and market capitalisation. With AGMs fast approaching, both retail and institutional shareholders, and proxy advisers, are ready to critique company performance and rewards. This may bring into question the reasonableness of executive salaries and board fees.
Has your company executed one or more of the following recently?
Many companies have had no alternative than to be reactive. Short term solutions such as freezing remuneration reviews, staff redundancies and salary cuts could create unforeseen shareholder backlash if Key Management Personnel (KMP) remuneration outcomes are not aligned appropriately.
The GRG KMP Remuneration guides offer a low cost benchmarking resource in these difficult times, allowing you to conduct exploratory research and make confident informed decisions.