Remuneration consultants

Michael West in the SMH gets stuck into them. And rightly so! More on this later.

Excessive pay deal?

John Durie on the back page of The Oz puts forward a suggestion: if the Telstra board ignores the vote against the proposed executive pay package (see SMH discussion here, then the logical step is to vote out the board. Heh. Let's see if the government (or the Future Fund) are prepared to do that!

Executive pay disclosure

orporations are falling short in explaining to investors how executives are compensated and for what, Securities and Exchange Commission officials said Tuesday in their first review of corporate filings since new pay disclosure rules were put in place.

The S.E.C. called on corporations to give investors more insight into how they made compensation decisions and to ensure that proxies were “clear, concise and understandable.” Corporate boards, regulators said, could also do a better job in discussing how they chose performance targets, severance packages and the peer companies they used as comparisons for their pay practices.

New York Times link.

The same issue continues to apply in Australia.