Performance Bonuses: How Does Your CEO’s Bonus Experience Compare?

Thach Huynh, PFS Consulting Principal, Professional Financial Solutions 1

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. This report aims to give readers a broader perspective of this topic by using PFS’ […]

Submission to APRA Prudential Standard CPS 511 – Remuneration

Prudential Standard

PFS Consulting is pleased to provide this submission in relation to the draft Prudential Standard CPS 511 – Remuneration (“CPS 511”). PFS Consulting is an independent consultancy established in 2001. We provide remuneration, governance, and risk consulting services to a wide range of clients. These include APRA regulated entities including superannuation funds, life and general […]

What are the practical and hidden implications of the new APRA remuneration standard CPS 511?

Apra Remuneration, Standards 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. The key requirements of the draft standard are as follows: The Board of an APRA-regulated entity is responsible for the remuneration framework and its effective application. An entity must have […]

Staying ahead of the wave: will the recommendations from the Royal Commission cause a tsunami of changes for executive remuneration?

Royal Commission, Executive Remuneration

Tucked neatly in the Royal Commission report, starting on page 347, is a little section that focuses on Executive Remuneration. This section has received little media attention; however the recommendations could instigate significant changes that are likely to flow to all Australian companies. This article highlights the key issues for Boards, particularly Remuneration Committees, and […]