The Parliamentary Secretary released an Exposure Draft - Corporations Legislation Amendment (Remuneration Disclosures and Other Measures) Bill 2012 and the associated Explanatory Memorandum to the Treasury on 14 December 2012. Submissions on the Exposure Draft were due on 15 March 2013.
The changes will see several recommendations made by the Government's Corporations and Markets Advisory Committee (CAMAC) in its 2011 inquiry into executive remuneration being implemented.
This article sets out an overview of the key proposals under the draft Bill, focussing on the governance and remuneration aspects of the proposed changes. Topics discussed include dividend tests, clawback, and remuneration report disclosures.
Leading independent law firm Johnson Winter Slattery (JWS) has advised the shareholders of professional services firm Fyfe on the acquisition by Mercury Capital of a majority stake in the Fyfe...
Leading independent Australian law firm Johnson Winter Slattery (JWS) has appointed Isaac Evans as a Special Counsel in its Corporate team. Isaac is based in Brisbane and joins JWS from Baker...
Johnson Winter Slattery has advised early childcare management software provider Kangarootime on the sale of its Australian business to fellow industry participants Juice Technologies and Kidsoft...