The multibillion dollar company has a history spanning back over two centuries; however, recently it has been in the “hot seat” for being entangled in a variety of scandals ranging from improper accounting to bankrupt powerhouses.
Wesfarmers, which owns some of Australia’s most recognizable brands, sees concerns from shareholders and proxy advisors regarding its CEO and executive pay during the last proxy season
Why have 75% of first-time say-on-pay votes failed in 2019? A large number of negative votes can be attributed to incentives. Companies need to rethink their incentive plans and make sure metrics truly benchmark performance.
A key element in an assessment of remuneration outcomes is the payout track record and payout variability over several years. Sophisticated remuneration structures should result in pay outcomes which vary in line with performance.
CGLytics has replaced Equilar and is the only authorized distributor of Glass Lewis’ compensation models and peers from January 1, 2020.
