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Showing 1 - 10 of 16 results for "Board remuneration"

APRA finds signs of step change in remuneration practices

ANDREW MCKEAN  |  THURSDAY, 7 SEP 2023
... entities, primarily significant financial institutions (SFIs), through detailed assessments and meetings with board remuneration committee (RemCo) Chairs. The second phase was a more "light-touch" survey of remaining SFIs. In their evaluations, entities ...

Commonwealth Bank appoints new chair

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 APR 2022
... she feels now is an appropriate time to hand over to the next chair. O'Malley is currently chair of the CBA Board Remuneration Committee and has been a board member since January 2019. He previously served as managing director and chief executive of ...

Next Macquarie chair announced

CHLOE WALKER  |  THURSDAY, 2 DEC 2021
... since May 2011 and is a member of the board governance and compliance committee, board nominating committee, board remuneration committee and board risk committee. "It has been a memorable eleven years and a real privilege to have been a director of ...

APRA readies new super fund remuneration regime

KARREN VERGARA  |  TUESDAY, 19 OCT 2021
... in assets under management are classified as significant financial institutions (SFIs) and must establish a board remuneration committee (RemCo) to oversee the design and implementation of remuneration structures. Smaller funds are not required to set ...

Macquarie director departs

ALLY SELBY  |  MONDAY, 21 SEP 2020
... culture and governance over the coming years." During his time at Macquarie, Hawker served as the chair of the board remuneration committee between 2016 and 2020, during which time he helped "shape the best practice policies and engagement that have ...

Financial services boards overpaid: Research

HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... sector ranked second for overpaying its board. Banks, meanwhile, are ranked second for underpaying theirs. "When board remuneration is ranked against company size, the top 10 best value boards in Australia are CSL, Newcrest Mining, Magellan Fin Group ...

Industry wide pay cut for boards

ELIZABETH MCARTHUR  |  TUESDAY, 4 JUN 2019
The Governance Institute released results of its Australian Board Remuneration Survey, finding remuneration is up for board chairs and directors across the country - except in the finance and insurance sectors. Board members in finance and insurance ...

CBA releases remediation scorecard

KANIKA SOOD  |  THURSDAY, 11 OCT 2018
... executive and the group executives with respect to risk. The bank is now making formal assessments to assist the Board Remuneration Committee make appropriate risk adjustments, the review found. Promontory said while the milestone has been achieved ...

Executive pay structure still fuels risk-taking: APRA

KANIKA SOOD  |  WEDNESDAY, 4 APR 2018
... suggest changes on improved design of remuneration frameworks; enhanced implementation and outcomes; strengthened board remuneration committee oversight; and enhanced reporting and disclosure. It will consider beefing up prudential requirements to reflect ...

New Macquarie chair steps up

ALEX BURKE  |  FRIDAY, 1 APR 2016
... appointment was announced in September, was previously a non-executive director and also chair of Macquarie's Board Remuneration Committee, a position he will retain until May 7. He also holds board positions at NSW Treasury Corporation, the Australian ...
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