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Showing 431 - 440 of 1112 results for "Remuneration"

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 ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
... at the AGM, Henry flagged that the board estimates more than 80% of the votes cast will be 'against' the remuneration report. Chief executive Andrew Thorburn said in his opening statement that NAB has completed its refunds of plan service fees ...

ASIC permanently bans former Apogee adviser

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... Following an investigation, ASIC determined Saad falsified figures and details in client statements of advice and adviser remuneration fee forms provided to Nulis and Apogee. He failed to act in the best interests of his clients and had not provided ...

$200k on the life-line for new Freedom chief

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... tenure as chief executive of Freedom on 14 December. The life insurance distributer today confirmed Williamson's remuneration to the ASX, which is a fixed remuneration package of $400,000 comprising base salary and superannuation. He stands to pick ...

Westpac executive remuneration voted down

KARREN VERGARA  |  THURSDAY, 13 DEC 2018
Westpac received a first strike for its remuneration report after shareholders overwhelmingly voted against it at the annual general meeting in Perth yesterday. The proposed remuneration report for the year ended 30 September 2018 was cast down by 64.16% ...

Social media reacts to final Royal Commission hearings

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
... (@SwannyQLD) November 29, 2018 Former Treasurer Wayne Swan said low levels of trust in business coincided with executive remuneration remaining high despite the misconduct exposed at the Royal Commission. Ken Henry should resign immediately - Josh Bornstein ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
... senior executives had their variable pay held back in FY18 on account of compliance issues. Elliot's own variable remuneration was down 23% year on year for the financial year ending September 2018, a number arrived at after he emailed chair David ...

Blue Sky LIC adds new directors, denied pay rise

JAMIE WILLIAMSON  |  THURSDAY, 29 NOV 2018
... to oversee the Blue Sky Alternative Access Fund. At the same time, a six-figure aggregate increase to the annual remuneration of non-executive directors was not approved by shareholders. Based on proxy forms received ahead of the fund's (ASX:BAF) annual ...

Culture dominates shareholder engagement

KARREN VERGARA  |  TUESDAY, 27 NOV 2018
... changes they'd like to see let alone a strategy to achieve those changes," she said. Another hot topic is executive remuneration. Some Australian companies have moved away from the traditional long-term performance targets to a single plan that includes ...

Overhaul executive remuneration: Poll

KARREN VERGARA  |  MONDAY, 26 NOV 2018
... at the financial services Royal Commission. Eighty-nine percent of respondents in our recent spot poll want to see remuneration structures aligned to better customer outcomes. During chair Catherine Livingstone's testimony, the Commission heard how the ...