Egan Associates

KMPs – Key Management Personnel

The challenge of rewarding Key Management Personnel is a significant one for all boards. Egan Associates is a key advisor on KMP remuneration.

Egan Associates act as independent, external consultants to boards and board remuneration committees in regard to key management personnel remuneration, including non-executive director emoluments and executive reward.

We also act as independent, external consultants to CEOs and senior management in relation to a range of challenges, observing at all times the requirements of the Corporations Act in regard to the independence of advisors. They all need to align their total reward structure with their business strategy.

Boards and remuneration committees seek assistance from Egan Associates on a range of KMP issues, including:

the principles for the design of a remuneration plan integrated into the business strategy
the market issues relevant to the design of both cash and equity incentive plans
remuneration report disclosures
vesting/valuation of equity incentives
reward and retention strategies aligned to succession, divestment and acquisition initiatives
guiding reward strategies for an IPO or trade sale
developing commercial reward programs for government owned corporations/regulated agencies
CEO and KMP reviews
executive appointments and unlatching payments
competitive positioning, including alignment of current practice with stated policy.