News and Updates: 16/04/2012 - See also Recent GNA Remuneration Updates
Geoff Nunn & Associates was established in Melbourne, Australia in 1993. Since then, the Company has established a reputation for professionalism and quality service. Remuneration and organisation projects have been completed in over 950 organisations across Australia.
We believe in the provision of the highest standard of service at a competitive price. Our operating philosophies are as follows:
Philosophy 1 We provide the highest standard of professional service.
Philosophy 2 We deliver on time.
Philosophy 3 We offer substantial depth of professional expertise. Our consultants and associates are all professionally qualified and specialists in their field.
Philosophy 4 Independence increases the options available for addressing organisational issues.
Philosophy 5 Each organisation's operating environment is different. This suggests the need to develop specific approaches rather than rely on generic solutions.
Philosophy 6 All stakeholders should share in the risks and rewards associated with organisational performance.
Our services are used by some of Australia's leading organisations. See Client List and our Consultant Profiles.
In April Geoff Nunn & Associates completed the 2012 survey of Market Remuneration in the Power, Water and Utilities Sectors in Australia. Coverage extended to 200 positions from the Board to operative level employees. Data was gathered from 68 organisations. For further information see the following link: Survey Flyer 2012.pdf and also Survey Positions 2012. See also: Market Remuneration in the Power, Water and Utilities Sector 2012. We specialise in providing professional advice to organisations in the electricity, gas, water sectors and associated operational service providers.
Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011
On the 1st July, 2011 the abovementioned Bill came into effect. It impacts directly on corporations that are Disclosing Entities. The Bill has a number of implications relating to recommendations on remuneration for Key Management Personnel by Remuneration Consultants. Specifically:
A remuneration recommendation specifically concerns the quantum and structure of the remuneration package for executives (Key Management Personnel).
Remuneration Consultants providing such recommendations must be engaged directly Board or Remuneration Committee.
Recommendations must be provided directly to the Board or Remuneration Committee and not members of the executive team.
Whilst these recommendations apply primarily to listed companies many other organisations are adopting the principles as sound governance practice. The fact that recommendations from remuneration consultants must be provided directly to the Board or Remuneration Committee does not in any way limit input by the Chief Executive Officer on remuneration levels and performance measures for Level 2 executives.
For advice on Board and Executive Remuneration contact Geoff Nunn & Associates.
