GuerdonNews® Special 2016/17 Federal Budget News Alert

10 May 2017

Dear reader,

 

Welcome to the Federal Budget 2016/17 special issue of GuerdonNews®

Bank executive remuneration to be prescriptively regulated

The Australian federal government has flagged new regulation of banker pay, requiring 60% (CEO), or 40% (executive) of variable pay, to be deferred for at least four years. For most Australians, this will bring to mind the major bank executives who are perceived to be highly rewarded.

However, there are over 140 ADIs in Australia, 42% of which are mutuals (credit unions or building societies) and 35% are foreign banks. 

Moreover, prescribing how bank executives are to be paid is a shock, given that governments over several decades have taken the view that private sector executive remuneration is a governance matter for owners and their elected board directors.

Read more

 

---

SUBSCRIPTION INFORMATION

This email was sent to: subscriber
To manage your membership details including subscriptions click Edit your subscription
If you would like to unsubscribe from this email newsletter please click Click here to unsubscribe

TELL A FRIEND
Forward this email onto a friend here

FEEDBACK
Your comments and questions are welcome. Send them to info@guerdonassociates.com

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.

Copyright © 2017 Guerdon Associates

ISSN 1834-8300