The issue of CEO bonuses is a perennial favourite of the financial press. This topic will again be a focus in a few months when reporting season begins and companies declare what their CEOs were paid in these unprecedented times.
PFS Consulting is pleased to provide this submission in relation to the draft Prudential Standard CPS 511 – Remuneration (“CPS 511”).
The proposed APRA executive remuneration standard, CPS 511, aims to ensure that remuneration arrangements in the financial services effectively manage both financial and non-financial risks.
Tucked neatly in the Royal Commission report, starting on page 347, is a little section that focuses on Executive Remuneration.
