Regnan’s research partner of more than a decade, Monash Sustainability Enterprises (MSE), has formally joined the governance and advisory firm, the organisations announced earlier this month.
 

By failing to accept the recommendation that cessation of employment be removed as a trigger for taxation of equity or rights, the government has “let down” Australian superannuation holders in its response to the Productivity Commission Report on Executive Remuneration.

After performing well during the global financial crisis, well governed companies were lower for the balance of calendar 2009 but are now rebounding, consistent with the prevailing market environment expected for 2010, Goldman Sachs JBWere head of ESG research Andrew Gray said.
 

The final Productivity Commission report into executive pay has firmly rejected salary caps, recommending that salaries are better set by boards and shareholders. The 4 January report made 17 recommendations, having found that executive pay had grown by 250 per cent in real terms since 1993 and the average pay among the top 20 CEOs was $10 million a year.
 

A new campaign to kick-start effective measurement and reporting of women’s participation on boards was launched 9 December.
 

Federal government reform of employee share scheme tax fits into a broader agenda to encourage good corporate governance, increase Australian productivity and return the budget to surplus, said Assistant Treasurer Nick Sherry.
 

Sandon Capital Activist Fund, Australia’s first dedicated activist fund, has helped overturn a management incentive plan at listed private equity firm Oceania Capital Partners, formerly Allco Equity Partners.
 

Fund manager AMP Capital Investors said it voted against a quarter of company incentive schemes in the second half of the last financial year - the six months to June 2009. According to its twice yearly Corporate Governance Report, companies where grants were not supported included: Babcock & Brown Capital, Fortescue Metals, Highlands Pacific, Prosperity Resources, Roc Oil, Tower Aust Group.