Policy on CEO remuneration

The First Edition - Principles of Good Corporate Governance, Recommendation 9.1 suggests companies:

  • Provide disclosure in relation to the company’s remuneration policies to enable investors to understand (i) the costs and benefits of those policies and (ii) the link between remuneration paid to directors and key executives and corporate performance.

ASX reinforced the corporate governance principles and responded to community concerns with a policy change to disclosure about CEO remuneration.  Since May of 2003, listed companies have been required to make fuller disclosure about the remuneration packages of newly appointed CEOs.  Such disclosure now includes information about the components of the pay package which might govern the actions of the CEO and drive levels of performance.

See Companies Update 03/03 regarding disclosure of CEO remuneration: