EA Newsletter February 2012
In the February issue of the Egan Associates Newsletter we offer some analysis of the 2011 annual reporting season observations which may provide insight to the continuing debate on both the year on year increases and general levels of executive pay.
The Centro Case highlights the Courts perspective of what it means to be a director. We review Judge Middleton’s’ 2011 statements relating to how directors should approach their responsibilities.
We also review some aspects of the international debate surrounding executive remuneration and governance.
In This Issue
Reactions to Annual Remuneration Reports
The 2011 reporting season gave rise to further criticism of executive remuneration arrangements. In this article, Egan Associates provides its perspective on this debate.
Corporate Governance – the Judiciary Outlines the Responsibilities of Directors
The Centro case attracted much interest as the expectations of directors and how they approach their responsibilities was explored by Justice Middleton. This article is a reminder of the onerous task of being a director.
UK Enquiry into Executive Remuneration
The UK is looking to Australia’s recent changes to legislation affecting executive remuneration as it embarks on its own review of the issue.
Global Issues Impacting Remuneration
Our regular summary of key global issues impacting remuneration here in Australia including shareholder scrutiny and voting. In this article we also reflect on the power that new executive reward legislation can give to those with concentrated shareholdings.
Remuneration Tribunal Reports
Egan Associates was commissioned in 2011 by The Remuneration Tribunal to undertake major reviews of senior executive remuneration in all Federal Government Departments and for the Specified Statutory Office Holders. In the second half of 2011, Egan Associates was also commissioned to again undertake the review of salaries for Federal politicians. Links to each of these major reports are included for our readers.
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