GRG Remuneration Insight 33
by Denis Godfrey & James Bourchier
30 November 2011
Recent press articles on key management personnel (KMP) remuneration disclosures in Remuneration Reports seem to expect that disclosed remuneration levels from one year to the next should be lower if shareholder value has declined. Boards are often criticised and remuneration strategies tagged as not working when disclosed remuneration levels have not fallen in line wiht falls in shareholder value. The rationale for such views seems to be that there is only one measure of performance over the short term…
