Executive Remuneration & Corporate Governance

[Guest]

Pacific Brands have already fallen to the new "two strikes" legislation while Watpac and GUD are on strike one. It's clear that shareholders are taking it seriously, but are company directors? Do you think that "two strikes" goes far enough or should shareholders have a greater say on executive remuneration? Post your thoughts and take the ShareScene poll.

[henrietta]

A view expressed today.

 

 

http://www.theaustralian.com.au/business/c...3-1226179957662

 

Sevior backs executive two-strikes pay rule

BY: JAMES FROST From: The Australian October 29, 2011

 

Cheers

J

 

 

 

 

[nipper]

Westpac is in a pickle

the .... complex, divisive and sometimes fraught relationship between the market and proxy firms.

 

Depending on who you talk to, and the specific circumstances around an individual company, proxy advisers can be portrayed as all-knowing or completely detached from commercial logic, deeply influential or largely irrelevant, activist pests or righteous crusaders.

 

In recent years, directors have regularly warned against their growing power âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ but funnily enough, these warnings almost always seem to come from companies where there is some of governance controversy or an underperformance issue.

[mullokintyre]

perhaps if these directors and executives had spent less time on virtue signalling to the latest social issues, and a little more time monitoring their business processes, they would be a little less likely to find themselves in these situations.

And as usual, it will be shareholders who pay the price for the activities of these inflated egos.

Mick