The review was undertaken to understand the current disclosure requirements in relation to executive remuneration that extend beyond disclosures of the total remuneration of key management personnel required under IAS 24 Related Party Disclosures. Australian executive remuneration disclosure requirements were compared to eight overseas jurisdictions for for-profit (listed), not-for-profit and public sector entities to provide further input into the public discussion on this topic.

The research shows that a large number of similarities exist across the jurisdictions, as well as a number of significant differences in the breadth and depth of the information required to be disclosed. Only two jurisdictions (Australia and Germany) currently require the disclosed remuneration information to be audited and only two countries (Australia and South Africa) require the remuneration information presented outside financial statements to be measured in accordance with the relevant accounting standards.

Please click to access the full paper on the AASB website.