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Showing 161 - 170 of 489 results for "Bonus"

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
The first strikes against executive remuneration at ANZ, NAB and Westpac recently show Australia's superannuation funds are cutting through when it comes to shareholder voting prowess. NAB recorded the highest ever vote (88%) against a remuneration ...

New Bill bolsters retirement income

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
... Legislation Amendment (Supporting Retirement Incomes) Bill 2018 proposes three main measures to lifetime income streams, the work bonus and pension loans scheme. The Bill is proposing a new means test rules ahead of a wider range, and possibly more complex ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... he cited a letter to be sent out to ANZ staff members as it decides bonuses. It will include details on the size of the bonus pool for the year, how it was allocated, broad decisions made - but it will not spell out the names or roles of the erring executives. ...

Culture dominates shareholder engagement

KARREN VERGARA  |  TUESDAY, 27 NOV 2018
As the Royal Commission sharpens its focus on accountability and corporate culture, an institutional investor says these two issues will now shape conversations with boards more than ever. SSGA senior managing director Susan Darroch said the significant ...

Overhaul executive remuneration: Poll

KARREN VERGARA  |  MONDAY, 26 NOV 2018
... outcomes for customers. However, Comyn defended the importance of short-term variable remuneration - otherwise known as a bonus - for its frontline staff, which is rewarded based on "discretionary effort." Comyn confirmed that CBA has removed sales incentives ...

Royal Commission on social media: Executives grilled

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... most ridiculous things to come out of 60 odd days of the Royal Commission - media coverage or lack thereof determined the bonus levels for the senior staff at Australia's largest bank and one of its largest companies. - Peter Morgan (@psimpsonmorgan) ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
Treasurer Josh Frydenberg said eliminating misconduct was important, but the Government has other considerations to bear when implementing the Royal Commission's final recommendations. Speaking at the Australian Finance Industry Association conference ...

Royal Commission puts bonuses on notice

HARRISON WORLEY  |  TUESDAY, 20 NOV 2018
... chief found himself defending CBA's practice of offering staff "short term variable remuneration" - otherwise known as a bonus - despite understanding the compliance risks it posed the firm. When asked by Orr whether he considered variable remuneration ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
"There was a higher rate of wage growth recorded across the majority of industries in comparison to this time last year, reflecting the influence of improved labour market conditions. Annual wage growth at the Australia level was 2.3%, the highest growth ...

Chief economist update: BOE waiting on Brexit

BENJAMIN ONG  |  FRIDAY, 2 NOV 2018
When the Bank of England's (BOE) Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on the 2nd of August, BOE governor Mark Carney was quoted as saying, "The mistake is to always wait, wait, wait until you ...