ASIC publishes outcomes of its latest review of remuneration reports
29 Feb 2012
The Australian Securities and Investments Commission (ASIC) has published the outcomes from its review of 50 remuneration reports of ASX 300 companies for the year ended 30 June 2011.
The review showed that in ASIC's opinion, companies could still report more effectively on these areas:
- the board's policy on the nature and amount of remuneration of the key management personnel
- the non-financial performance conditions in short-term incentive plans
- why performance conditions have been chosen
- the terms and conditions of incentive plans.
The attachment to the ASIC release provides examples of "some of the better examples of disclosure".
Click for ASIC release (link to the ASIC website).
