Non Executive Director Search, Corporate Governance
Non Executive Director Search, Corporate Governance

Non Executive Director Search, Corporate Governance

LATEST RELEASE!
Director Remuneration Report
2009-2010 Results Out Now.
 
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2009-2010 Director Remuneration Survey

The 2009-2010 Director Remuneration Survey is a biannual survey commissioned by ProNed and available only through this website. It provides the latest data and analysis on:

  • Director remuneration, fees and comparisons
  • Board governance and major issues
  • Board composition and appointment
  • Key findings and more

Separate sections are included for Chairmen, Deputy Chairman and Non-Executive Directors by type of company, turnover and industry.

The report is only available in hard copy.
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Comprehensive

There are also analyses of many topical corporate governance issues such as board composition and structure, appointment of directors and board performance assessment, risk management and IT governance.

Major Issues Facing Directors
Page 9
Respondents’ views on the three major issues currently facing directors were sought. Given the current turmoil in the world economic markets, it is not surprising that this was nominated by the majority of directors. Issues relating to compliance and regulation and their impact on the performance and focus of directors were mentioned by many and point to another prominent area of on-going concern. Access to finance, closely related to current economic and market conditions, was recorded as another significant issue, as was remuneration, in particular executive remuneration.

Share Ownership and Share Options
Page 14
Almost all respondents believed that directors should be encouraged to own shares in the company, (91%), and that share ownership should be on a voluntary basis (94%), rather than mandatory (11%). A small percentage of non-executive directors in public companies receive shares in the company as remuneration for their board work, reported to be the case for 13% of directors. The median finding was that these shares represent 20% of the annual board fee. A majority of directors (59%) believed that they should be compensated at least in part by share options. Options equivalent to 25% of the annual board fee was the percentage suggested by most.

Review of Board Performance
Page 19
A formalised system of appraising the board’s performance is in place for 58% of boards, steadily increasing from 38% of boards in 2000. However, there still remains a significant percentage of boards without a formal review process in place, although we expect to see a steady increase in the percentage of boards conducting performance reviews in the next few years, with another 15% of boards considering introducing performance reviews in the near future. Almost all respondents (88%) reported improved board effectiveness as the main benefit that comes from conducting a performance review of directors. Another major benefit flowing from board performance reviews is an increased awareness of board responsibilities, cited by 62% of respondents.

Download a copy of our 4 page summary (pdf).

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Purchase your copy of the 2009-2010 Director Remuneration Survey via PayPal for AUD $1375.00 including GST and we will post a copy out to you within the next working day.

Need quicker delivery?  Call our Sydney office on 02 9969 1911 and we will arrange immediate overnight dispatch.

The report is only available in hard copy.
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NOTE CAREFULLY: THE PRONED 2009-2010 DIRECTOR REMUNERATION SURVEY REPORT IS FULLY PROTECTED BY COPYRIGHT. IT CANNOT BE PHOTOCOPIED, ELECTRONICALLY DISTRIBUTED OR REPRODUCED IN ANYWAY WITHOUT EXPRESS WRITTEN PERMISSION FROM PRONED.