Australia’s Productivity Commission will submit its final report on executive remuneration to the Federal Government on 19 December. The Productivity Commission was asked to undertake a public inquiry into the regulatory framework around remuneration of directors and executives of companies …
Read MoreThe German Bundestag has adopted the Gesetz zur Angemessenheit der Vorstandsvergütung (Act on the Appropriateness of Management Board Remuneration or VorstAG). The objectives of the new Act are to ensure a greater focus on incentives concerning the company’s long-term development, …
Read MoreThe Guardian’s annual survey of executive pay has been published, and reveals a 10% increase in basic salary for executives at FTSE 100 companies. Today’s Guardian editorial cites voting data from Manifest noting that dissenting votes on remuneration reports in …
Read MoreFrench President Nicolas Sarkozy has stepped into the governance spotlight with a plan to keep bankers pay under control. Following a meeting on Tuesday between Sarkozy and France’s top banks, including BNP Paribas SA and Société Générale SA the banks …
Read MoreThe FSA this week introduced a new code for remuneration practices at large banks, building societies and broker dealers in the UK. Not surprisingly, the FSA’s main objectives are to ensure that boards keep a tighter rein on the link …
Read MoreNot to be outdone by the Walker Review this week, the United States Securities and Exchange Commission (the SEC) has released the full text proposals from their July 1st meeting which are aimed at enhancing pre- and post-meeting disclosure …
Read MoreToday’s climbdown by Marks & Spencer, courtesy of the decision of Steve Sharp and Stuart Rose to waive part of their Performance Share Plan awards, represents a victory for shareholders. However, the root cause of the problem – an over-generous …
Read MoreThe US Treasury has announced the appointment of a “special master” to oversee executives’ compensation at U.S. companies receiving large amounts of government aid, with the power to reject pay plans deemed excessive. Kenneth Feinberg, a lawyer who oversaw payments
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The public inquiry into the regulatory framework around remuneration of directors and executives of companies regulated under Australia’s Corporations Act continues and a draft report is in preparation. Some 79 initial submissions have received by the Productivity Commission inquiry. Public …
Read MoreManifest’s annual review of executive remuneration trendshas now been published and has received a positive response from a variety of market commentators including Robert Peston for BBC’s News at 10 and the BBC World Service’s European Business News.
This …
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