News and Updates: 23/09/2008 - 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 800 organisations across Australia.
In April Geoff Nunn & Associates completed the 2008 survey of Market Remuneration in the Utilities Sector in Australia. Coverage extends to 200 positions from the Board to operative level employees. Planning is well advanced for the 2009 survey which will be re-titled "Market Remuneration in the Power, Water and Utilities Sectors. For further information see the following link: Survey Flyer 2009.pdf and also Survey Positions 2008. See also: Market Remuneration in the Power, Water and Utilities Sector 2009.
With the corporate reporting season well underway the issue of executive remuneration is yet again at the forefront of board and shareholder thinking. Some recently released figures contained in the remuneration report of one of Australia's leading companies has resulted in considerable press coverage.
There are a number of key factors boards need to take into account when reviewing executive remuneration:
Corporate performance against agreed targets.
The executive's personal performance.
Changes in job size
Market rates for the job.
Shareholder and other stakeholder expectations.
Geoff Nunn & Associates specialises in providing advice to boards in relation to fixed and short term variable reward for executives. We also advise on board remuneration. For assistance contact Geoff Nunn or Elizabeth Plant on +613 9629 6866.
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