A strong, stable team with decades of experience between us

Our quality staff of qualified remuneration professionals brings together experience from across the industry, complemented by our associations with other consulting firms.

The stability of our team allows our clients to be confident of continuity of service from the consultants with whom they have developed relationships.

Go to LinkedInDenis Godfrey has over 30 years of experience as a specialist remuneration consultant, consulting to organisations from a wide range of industry sectors. The organisations consulted to have mainly been large Australian and multi-national companies and those going through initial public offerings. Although most of his work has been in Australia, he has also worked on assignments in New Zealand and South East Asia including Singapore and Indonesia.

Major areas of expertise

  • Benchmarking the market competitiveness of remuneration for key management personnel roles
  • Equity remuneration plans for non-executive directors
  • Long term incentive plans for senior executives
  • Short term incentive plans for senior executives
  • Retention strategies for key employees
  • Reward strategy clarification
  • Advice on employment contract terms

The scope of the work in these areas covers:

  • Analysing remuneration data to assess market practices
  • Review and development of incentive plans
  • Drafting of policies and procedures
  • Drafting of plan rules, offers and explanatory booklets
  • Liaison with proxy advisors and other stakeholders to garner support for Remuneration Reports
  • Drafting of Remuneration Reports
  • Drafting of explanations of resolutions to be put to shareholders for approval at general meetings


Denis holds a Bachelor of Commerce (Accounting and Financial Management) Degree from the University of New South Wales.

Positions held

Briefly, positions held include:

  • 1969–1979 Australian Taxation Office
  • 1979–1987 Mercer, Cullen Egan Dell, Sedgwick
  • 1987–2001 Hay Group
  • 2001–present Godfrey Remuneration Group

Go to LinkedInProfessional expertise & experience

With a broad education and a background in business services, James has specialised in executive reward over the last eight years. James joined Godfrey Remuneration Group from Hay Group at the start of 2011, having worked his way up to Information Consultant specialising in executive remuneration there. He owned and managed a small business services business delivering IT and accounting.

Specific areas of competence include

  • Executive and non-executive director remuneration benchmarking, analysis and advice
  • Remuneration Governance Framework development and drafting
  • Design and valuation of incentives including plan rule drafting, grant calculations and modelling
  • End to end remuneration reviews across whole-of-company, within budget constraints
  • ESS taxation
  • Incentive design and implementation
  • Remuneration “Strike” management strategies
  • Client training and development with regards to remuneration governance, design and data
  • Development of bespoke tools for clients
  • Remuneration Report drafting (Annual Report)
  • Corporate governance and stakeholder engagement
  • Market and outcome modelling
  • LTI plan administration


James holds a Bachelor of Commerce (Majors in HR/Management & Accounting) and a Bachelor of Science (Majors in Psychology & Physics), both from The University of Sydney.

Positions held

Briefly, positions held include:

  • 2001–2002 Junior Tax Accountant, Moneypenny Business and Taxation Services
  • 2003–2009 Owner/Manager, Digital Prophet (small business services)
  • 2007–2011 Analyst/Senior Analyst/Account Manager/Information Consultant, Hay Group (management consultants)
  • 2011–present Senior Consultant/Manager, Godfrey Remuneration Group

Nida has been an important part of GRG for many years. If you have had difficulty getting in touch with him recently, please contact us on our office phone (02) 8923 5700.

Go to LinkedInNida helps organisations to develop and implement innovative remuneration strategies and systems that are aligned with their business objectives, drive results and deliver strategic outcomes. He recently joined GRG as a Director after a 19-year career with Hay Group Australia where he worked with a wide variety of organisations ranging from large multi-nationals to small specialist companies within the banking, financial services, insurance, retail, FMCG, telecommunications, transportation, airlines, construction, mining, resources, engineering, manufacturing, pharmaceutical, professional services, not-for-profit and the public sectors. His focus was on organisational and job design, developing classification structures and pay strategies to address the unique needs and culture of individual clients; and he also assisted organisations in the execution of their business strategy through comprehensive strategic analysis and design of business operating models.

At GRG, Nida will work with Boards and management on all aspects of remuneration, performance and other matters, focusing on:

  • Executive and non-executive director remuneration benchmarking, analysis and advice
  • Design and valuation of short-term incentive (STI) and long-term incentive (LTI) plans
  • End to end remuneration reviews across whole-of-company, within budget constraints.

Previous professional experience & positions held

Nida has an additional 15 years of international corporate HR and line experience with world-renowned multi-national organisations, which included residence/projects in several major European cities, the Middle and Far East, as well as North America.

1997–2016   Senior Consultant – Hay Group, Sydney
1996–1997   Senior Consultant – AMP, Sydney
1993–1996   Head of HR – Consolidated Contractors Company, Global HO Greece
1990–1993   Consultant – Hay Group, Toronto
1988–1990   Royal Bank of Canada, Toronto
1981–1988   Senior Officer – NPCC, UAE and Consolidated Contractors Company, Greece


Nida has a Bachelor of Arts degree and a Certificate in Human Resources Management from the HR Professional Association in Ontario, Canada.

Go to LinkedInPeter has a broad background in business sales across several industries including banking, telecommunications and human resources. He has a wealth of experience working with C-level management as an advisor and business partner.

Specific areas of competence

  • Executive and non-executive director remuneration benchmarking, analysis and advice
  • Remuneration Governance Framework development and drafting
  • Design and valuation of incentives including plan rule drafting, grant calculations and modelling
  • Incentive design and implementation

Positions held

Briefly, positions held include:

  • 2002–2005 Business Banker, Westpac
  • 2005–2010 Senior Account Executive, Telstra
  • 2010–2012 Consultant, Gemteq
  • 2012–2013 Senior Consultant, Ra Recruitment Australia
  • 2013–2015 Senior Consultant, Cubic Resources
  • 2015–2017 Business Development Manager, Godfrey Remuneration Group
  • 2017–present Senior Consultant, Godfrey Remuneration Group