Welcome to the July issue of GuerdonNews^®

 In this newsletter we:  

• Consider executive incentives if and when your company becomes a target for takeover

• Prepare for the AGM season with typical executive pay and governance questions

• Resign ourselves to offshore post-COVID employee retention trends 

• Look at levels of public sector executive pay arising from a closed system

• Propose some board effectiveness review questions

We conclude with executive and director remuneration disclosure updates available on the GuerdonData® on-line database. And if you have any other executive remuneration or governance query, type it into your search engine with "Guerdon Associates" and you will find we will likely have provided an answer already. 

Executives’ incentives in takeover events

Vested interests

With the recent spate in M&A activity in Australia not likely to let up, it may be time for boards to give consideration to factors affecting vesting outcomes. Market practice is a useful indicator, but circumstances may be such that an executive’s tenure, the likelihood of an employee’s remaining with the target company and their performance all come in to play when deciding on how much equity will vest. 

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Remuneration and the upcoming AGM season

Questions to prepare answers for

AGMs invariably produce pay and governance questions. We consider typical CEO pay, board remuneration and diversity questions that may arise for some companies this season.

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The Great Resignation

The lure of greener grass

It appears that a mass exodus of employees may be in the offing, at least for those almost post COVID-19 countries with rapid vaccine rollouts. Studies conducted by the US Bureau of Labor Statistics and Microsoft have taken the pulse of a pandemic-weary workforce, which will likely see inflation in benchmark wages. Australia's curtailed skills migration may exacerbate the trend (should vaccines be rolled out....). Does your company encourage retention through its remuneration framework?

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Public sector pay

Pay them well, get them through the door, then lock it.

Analysis conducted by an Australian media group suggests high pay levels among senior executive staff in the public sector. These include the heads of our police, the spy agency and other officials in the culture, finance, health and transport industries. This is true when compared to their counterparts in Britain, Canada or America. But not relative to the private sector. We provide some perspective.

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A board evaluation checklist

Does your board pass muster? 

The merits of an effectiveness review can never be understated. It ensures that your board is up to scratch in such critical areas as risk and compliance, strategy and execution and culture. We provide a checklist for considerations that may apply to some boards this time around.

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Latest GuerdonData^® Updates

Updates to GuerdonData^®  this month include disclosures from the following 4 companies: 

ALS Ltd, Australian Agricultural Company Ltd, Collins Foods Ltd, Metcash Ltd 

Executive and director remuneration data from all ASX 300 companies on GuerdonData® is available to any subscriber. Visit our website for more information on GuerdonData®.

Assess how easily you can find out director and executive pay information by viewing our 6 minute demo HERE.

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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.