GuerdonNews® Special Edition

17 December 2012

Dear [FIRSTNAME],

Welcome to this special news alert from GuerdonNews®

The Australian government releases draft additions to remuneration disclosure law, including new requirements for clawbacks

The Australian government released draft additions to remuneration disclosure law at 5.50 pm on Friday 14 December 2012. The draft requires disclosure of clawback, actual termination payments and payments post termination, as well as "past, present, and future" pay.

Don’t panic!

Unlike the last time the government introduced draft executive pay laws just days prior to the Christmas and New Year holidays, public responses to the draft are not required until the 15th of March 2013.

Did you miss the December issue of our regular monthly newsletter?

Apparently, as a result of an ISP glitch, so did 170 other subscribers. We apologise.

In our last regular newsletter for 2012 we:

• Summarised our annual study of ASX300 CEO executive pay increases
• Looked at CEO pay mix trends
• Suggested you save the date of 4 March 2013 for our annual Forum if you reside on the east coast (this time it is in Melbourne)
• And, given the special issues facing west coast directors, suggested that our Perth Forum on 11 March is just the ticket
• Summarised Booz & Co research confirming that Australian CEO turnover has been high
• Reviewed influential ABI remuneration guidelines as an indication of investor trends
• Highlighted NYSE and NASDAQ principle based regulations for consultant independence that could serve as a useful director checklist

If you did miss the newsletter's December issue, you can catch up over the holiday season by clicking below.

Disclaimer

The information, analysis and opinion in this e-mail and attachments are intended to be for informational purposes only. Analyses are based on information taken from public documents or private surveys, and we do not represent to its accuracy. Guerdon Associates assumes no liability for the use or interpretation of information contained herein. This publication is provided 'as is' without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of marketability, fitness for a particular purpose, or non-infringement of third party rights.

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  Copyright © 2012 Guerdon Associates

ISSN 1834-8300

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