Top executive remuneration is one aspect that Boards need to get right. For the Company it needs to serve its purpose of attracting, retaining and motivating the appropriate calibre of executive. In addition, when disclosed in the Remuneration Report (subject to non-binding vote) it should reflect well upon the Board and the Company.
In Australia, Boards also need to take into account the ASX Corporate Governance Council’s “Corporate Governance Principles and Recommendations”.
For shareholders the cost needs to be managed so the total shareholder return may be maximised over the medium to long term.
For government and other regulatory bodies such as the ASX, the regulatory requirements need to be satisfied including that the remuneration be reasonable as required by the Corporations Act.
For the executive it needs to provide adequate cash flow to meet living expenses, an opportunity for outstanding performance to be recognised and a facility to accumulate assets to create financial security.
Top executive remuneration is a complex and constantly evolving area and most Boards recognise the value of independent advice from specialists who are backed by comprehensive databases. GRG’s aim is to be recognised as the foremost independent advisor on top executive remuneration in Australia.
The main aspects of executive remuneration include:
Competing for Talent and Corporate Governance 
