The federal government introduced a Bill seeking to limit executive termination payments to one year’s fixed salary. But in a move that’s commercially, morally and politically indefensible, the Libs have opposed it.
RiskMetrics
The $62 million shareholders wasted on handshakes
A new report has revealed that some of Australia’s largest companies spent $62 million on needless termination payments last year — payments that could be blocked by shareholders if the Government’s proposed legislation regarding termination payments is approved.
Executive pay: global talent myth debunked
A research paper has rejected one of the great myths perpetuated by company directors — that Australian executives need to be paid millions of dollars to prevent them from leaving.
The ETS: our very own pig with lipstick
If the Government’s ETS will not provide the right signals and incentives for a shift to a low-carbon economy, then doing nothing or doing something else is the better option.
Outraged investors say enough to Shell’s remuneration plan
Shell shareholders are unhappy at the Board’s willingness to spend money on under-performing executives.
RiskMetrics loses its spine on Westfield pay
How on earth can RiskMetrics recommend in favour of the Westfield remuneration report at Wednesday’s AGM, asks Stephen Mayne?
Eddington’s ANZ appointment a corporate governance turning point
Sir Rod Eddington’s appointment as chairman of ANZ is shaping up as something of a turning point for corporate governance in Australia, writes Alan Kohler.
Teflon Rod could be cast asunder at Rio
Rio Tinto shareholders should send a message next week to Rod Eddington that repeated failures to act in their interests will not be tolerated.
QBE executes stunning CEO pay backflip
The former market darling has bowed to shareholder pressure and amended its departing chief’s retirement benefits, writes Adam Schwab.
Instos and proxy advisers MIA on Alumina lunch club
Alumina Ltd is Australia’s worst example of an overpaid, underworked old boys club, writes Stephen Mayne.
