In April 2018 Board Advisor & Corporate Governance Specialist, Geoff Nunn lodged a Submission with on Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. He argued that the structure of executive remuneration in the Banks and other financial institutions which follow a similar model was re-enforcing the negative corporate social behaviour that the Royal Commission has uncovered.
In this audio recording Geoff offers commentary on the Royal Commission’s Interim Report. The findings are very confronting for Boards and Executive Teams:
In this video Geoff is interviewed by the AIM’s MBA Program Director and Remuneration Specialist, Ian Siebert. The problematic issues with the current executive remuneration model in the major corporates are discussed together with the challenges for Boards and Remuneration Committees to move beyond the current paradigm. Follow this link:
Here Geoff and Ian consider the Interim Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and its implications for boards of directors. Follow this link:
Geoff Nunn and Ian Siebert consider questions of executive remuneration strategy.
Together they consider a new model of executive remuneration that does not include equity based LTIs. LTIs concentrate wealth in the employing organisation to the detriment of independent decision making. See the current model in the major corporates below and an alternative approach of returning to basics.
Yet Again the Royal commissioner’s face conveys the message