Australia is proposing some innovative steps to address concerns about executive pay. This week, the Productivity Commission released a detailed discussion document outlining a series of reforms which it hopes will improve board accountability, remove conflicts of interest and enhance …
Read MoreAfter weeks of will they, won’t they and political horse-trading Britain’s top banks have committed to implement the remuneration reforms agreed by the G20 in Pittsburgh.
The five banks, Barclays, HSBC, Lloyds, RBS, and Standard Chartered – have confirmed their …
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 MoreThe Australian Prudential Regulation Authority (APRA) has today released a second consultation package on remuneration at financial institutions. This second package comprises a response paper to the submissions, together with revised draft versions of the relevant governance standards and an …
Read MoreThe UK is well known in European circles for its singular approach to regulatory reform, in particular its tactical use of the “Opt Out”. All the more surprising therefore to see Gordon Brown getting together with Germany’s Angela Merkel and …
Read MoreThe AGM of Quintain Estates & Development plc, to be held on 9 September, will again include a separate resolution to approve the report of the Audit Committee. Furthermore, shareholders will be asked to vote on the re-election of the …
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 MoreManagement buy-outs remain a key area of governance concern; the protection of the minority shareholders is of vital importance and constant vigilance is called for. Companies with a controlling shareholder in particular require an ever greater level of attention, especially …
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