Season's greetings, and welcome to the December 2016 issue of GuerdonNews®
In our final bumper reading issue for 2016, we:
• Summarise ACSI’s recent survey indicating an anaemic adjustment in ASX 200 NED fees for a reducing pool of directors
• Provide a venting opportunity for both directors and investors at our 2017 Forum to head off the prospect of another torrid AGM season
• Consider the latest Hermes remuneration principles that prefer no more LTIs
• Alert remuneration committees that LTI offer letters will need changing to ensure you say what you mean about your TSR peer group
• Accueillir a new member of our global partnership of independent remuneration advisers
• Set you straight on whether incentives can ever be “fixed pay in drag”
• Suggest that Australia may be falling behind in ensuring institutional investors and their advisers meet a competent stewardship standard
• Explain why similar performance measures should not be used for STI and LTI
• Lament lost opportunities by the parliamentary bank enquiry for insights into the relationship between pay, culture and good and bad behaviours, and
• Summarise South Africa’s proposed pay governance changes.
We look forward to reporting board governance and executive remuneration news to you again in 2017, with our first monthly issue to be delivered on the second Tuesday in February. In the interim we will, as usual, be toiling away the summer for our clients throughout January.
It has been another great year for Guerdon Associates. Thank you to our clients, and their investors, for being open and responsive to solutions that focus and reward executives on creating value. From all of us in Guerdon Associates, best wishes for a safe, happy and prosperous New Year.