Archived News for Executives and Senior Management - September, 2011
Fund manager AMP Capital has increased the number of executive remuneration protest votes by 25 per cent over the last year, but has announced it believes it will not likely cause board spills under the two-strikes rule.
AMP Capital has voted against 40 per cent of remuneration reports this finacial year, up from 25 per cent in the first half of last year.
“AMP Capital has long been a supporter of companies having a transparent remuneration policy that is aligned with shareholder interests, thereby addressing any concerns before the need for a spill motion. We continue to encourage companies to focus on good disclosure and our preferred approach is to engage with those companies where we have concerns well before the AGM,” AMP Capital’s Head of Sustainable Funds Dr Ian Woods said
QIC searching for new CEO
Institutional investment manager QIC has announced its long serving CEO Dr Doug McTaggart will depart the company as of 30 June 2012 after 14 years at the helm of the company.
CEO pay doubles over 10 years
A study of the top 100 listed Australian companies has shown that the average wage of CEO’s has doubled in a space of a decade.
Austrade's executive group announced
The Chief Executive of Austrade, Peter Grey, has announced Austrade’s new Senior Executive Group which will form the key body behind Austrade’s trade, investment and international education efforts.
Tiger on the hunt for new CEO
Tiger Airways' woes continue after the company announced that it had lost its third CEO in 18 months, only weeks after it had its operational suspension order lifted.
Top companies still boys clubs
An analysis conducted by the Sun-Herald shows that more than half of the senior executive teams of Australia's top 200 listed companies are exclusively male.
Executive demand slumps
International executive search specialists E.L Consult has published its E.L Executive Demand index, finding that executives should expect to face a continuing weakening job market for the remainder of 2011.
Demand for ICT executives healthy
Latest figures from international executive search specialist E.L Consult show that demand for executives in the ICT field has grown, bucking the overall declining trend for executive demand in the country.
Rio appoints ex-BHP executive to board
Mining giant Rio Tinto has announced that former BHP Billiton CFO Chris Lynch will be appointed to the company's board.