The main objective of any well designed remuneration package is to attract and retain quality staff, and to motivate employees to achieve positive outcomes for the business. Executives are no different. However, as the range of incentives expands and the pay packet increases, so does the risk.
So what are the rules? What guidelines are there, from a legislative and employment law perspective, to govern executive remuneration? How should you balance short term and long term incentives with base pay, and what are a company's risks and obligations when it comes to incentive schemes?
The next Coleman Greig C-Suite Forum presented by Senior Associate Dominic Russell will look at the issue of executive remuneration and the potential implications (both from a business and individual perspective). The briefing will cover:
- Good governance: aligning executive remuneration with positive corporate goals
- Risks and benefits of contractual and policy based incentive schemes
- Exercising discretion to pay bonuses
- Are executive entitlements protected under the Fair Work Act?
- What is 'reasonable' notice of termination?
- Ex gratia payments and 'golden handshakes'
Don't miss out on this valuable insight into minimising the risk to your business!
Places are limited to facilitate discussion.