Listing rule changes introduce a nine-year tenure limit for independent directors and requirements for enhanced remuneration disclosures in annual reports.
January 11, 2023Removing the cap will increase the proportion of compensation that can be set by tools such as deferral, payments in instruments, and risk adjustment.
December 27, 2022The standard, which will require disclosure of remuneration arrangements, will become effective from 1 January 2025, 12 months later than initially proposed.
December 9, 2022The rules adjust how contributions to the fund are calculated, so that they reflect each insurance company's risk level.
November 14, 2022The consultation also proposes to require listed companies to disclose director and CEO remuneration in annual reports on a named basis.
October 28, 2022Asset managers and retail investors are encouraged to more actively engage with their investee companies and participate in setting their strategic direction.
October 12, 2022ASX recorded a “strike” against the adoption of its remuneration report, which included a A$1.2mn bonus for former CEO Dominic Stevens despite the CHESS replacement delay.
October 3, 2022The cap, which limits bonuses to twice basic salary, was introduced in the EU in 2014 to curb excessive risk-taking.
September 27, 2022If the legislation passes, the FAR will apply to banks six months after commencement, and to insurance and superannuation 18 months after commencement.
September 14, 2022SGX RegCo will consult on mandatory requirements for listed companies to disclose the dollar values of director and CEO remuneration.
September 13, 2022