
	Where results make sense

Topic: Remuneration

In the News (Mon 21 Dec 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	STATES MEMBERS’ REMUNERATION
		This makes the matter of remuneration and expenses for elected States members one of the most difficult and controversial subjects that the Privileges and Procedures Committee is required to consider in accordance with its terms of reference.
		Granting suitable remuneration to elected States members would enable a greater number of candidates to stand, resulting ultimately in an Assembly that in its variety and balance is truly representative of the people of Jersey.
		This corresponds to the remuneration paid to ‘middle managers’ in the civil service and is believed to strike the appropriate balance in relation to the two extremes referred to in paragraph 5.1.
	www.statesassembly.gov.je /documents/propositions/3295-9340.htm (2715 words)

	Smith & Nephew - 2003 Annual Report and Form 20-F - Remuneration Report
		The remuneration policy for 2003 and future years approved by the Remuneration Committee is to ensure that remuneration is sufficiently competitive to attract, retain and motivate executive directors and GEC members of a calibre that meets the Group's needs to achieve its performance against financial objectives and relevant competitors' practice.
		Remuneration includes base pay and benefits which are targeted at median competitive levels for fully acceptable performance, and bonus schemes which are designed to motivate and reward for outperformance.
		The Remuneration Committee determines the maximum multiple of an executive's annual remuneration which is applied to limit the number of shares over which options in any year be granted to an executive.
	www.smith-nephew.com /investors/annualreport2003/rep-33.html (1789 words)

	GlaxoSmithKline: Annual Review 2004 - Summary remuneration report
		The Remuneration Committee (the Committee) is responsible for making recommendations to the Board on the Company's remuneration policy and, within the terms of the agreed policy, determining the total individual remuneration packages of the Executive Directors and members of the CET (Executives).
		The remuneration policy was finalised after undertaking an extensive consultation process with shareholders and institutional bodies during the course of 2003 and 2004.
		The remuneration policy is designed to establish a framework for remuneration which is consistent with the Company's scale and scope of operations, meets the recruitment needs of the business and is closely aligned with shareholder guidelines.
	www.gsk.com /financial/reports/ar2004/annual-review-04/summary_remuneration.htm (1306 words)

	Learn more about Hobby in the online encyclopedia. (Site not responding. Last check: 2007-11-06)
		What are hobbies for some people are professions for others: a computer game tester may enjoy cooking as a hobby, while a professional chef might enjoy playing (and helping to debug) computer games.
		Generally speaking, the person who does something for fun, not remuneration, is called an amateur (or hobbyist), as distinct from a professional.
		An important determinant of what is considered a hobby, as distinct from a profession (beyond the lack of remuneration), is probably how easy it is to make a living at the activity.
	www.onlineencyclopedia.org /h/ho/hobby.html (570 words)

	Summary of the report on Executive Remuneration March 2003
		Remuneration committees composed of truly independent directors should be responsible for designing and controlling executive remuneration schemes.
		Remuneration committees should publish statements on expected outcomes of remuneration structures and prepare remuneration reports that are approved by the board, included in annual reports provided to investors and, where legally allowed, approved by shareholders.
		Remuneration should be linked to appropriate short- and long-term performance measures, and final payments under short- and long-term incentive arrangements should not be disproportionate to performance.
	www.icgn.org /organisation/documents/erc/erc_best_practice_bullets_mar2003.php (327 words)

	The Hindu Business Line : CEO Remuneration — II: Issue of pay versus performance
		In this segment the corporate performance data of 16 large manufacturing firms is studied vis-à-vis their managerial remuneration data over 2 decades, with the conclusion that managerial remuneration (aided by changes in corporate laws) has significantly increased over the last two decades in sharp contrast to corporate financial performance.
		Although quantitatively, these increased remunerations are found to be less than the limits specified by various sections of the Companies Act, there has been a quantum leap from the earlier days of restrictions.
		It is observed that the growth in managerial remuneration is almost 5 times the growth in employee wages in the study period.
	www.blonnet.com /2002/08/14/stories/2002081402140900.htm (1667 words)

	REMUNERATION COMMITTEE - TERMS OF REFERENCE (Site not responding. Last check: 2007-11-06)
		The Remuneration Committee shall comprise at least three members to be appointed by the Board from time to time.
		Within the terms of the agreed policy, the Committee will determine the individual remuneration package of each executive director including base salary, annual bonus plans, the basis of their participation in any long term incentive plans and allocation of share options to them.
		In connection with its duties the committee is required by the board to select, set terms of reference for and appoint remuneration consultants, at the company’s expense as the committee deems necessary in order to perform its duties.
	www.unitedbusinessmedia.com /rctor.htm (423 words)

	ParEcon.org -- Remuneration Q & A
		Remuneration according to effort and sacrifice (and in some cases need) is rather different than the usual left precept – which is remuneration according to contribution to the social product.
		Criticisms (among progressive and left people) of paying according to effort and sacrifice are rarely that it is in any sense unjust, but that it doesn’t provide a proper incentive system to get the best overall outcomes.
		We have justice in work and remuneration but the total produced drops so much that the loss there offsets the gain in justice.
	www.parecon.org /writings/qaremun.htm (2664 words)

	Parliamentary allowances benefits and salaries of office
		Remuneration of Members of the Parliament of Australia Research Paper No 30 1999-2000 by Margaret Healy and Geoff Winter.
		The Remuneration Tribunal is the independent statutory body which has an advisory role on an annual allowance for Senators and Members.
		D3 The maximum Total Remuneration for each band in Table 1 shall be adjusted on and from 1 July each year in proportion to factors as determined by the Tribunal closer to that date, including but not restricted to appropriate wage and remuneration indicators.
	www.aph.gov.au /library/intguide/pol/parlrem.htm (3624 words)

	ERI Remuneration
		This international remuneration software is utilised to determine reasonable executive remuneration packages.
		Professionals asked to serve on the boards of for-profit and non-profit organisations are responsible for overseeing these organisations' executive remuneration packages.
		Remuneration resources for remuneration consultants include: international remuneration calculators, remuneration glossary providing a definition of remuneration to define remuneration, rewards remuneration, remuneration software, remuneration authority data, remuneration surveys uk, incentive based remuneration packages remuneration software data, and remuneration education.
	www.erieri.co.uk /index.cfm/FuseAction/SubscriberResources.Main (838 words)

	The Directors' Remuneration Report Regulations 2002
		(2) The directors' remuneration report shall show, for each person who has served as a director of the company at any time during the relevant financial year, the amount that for the financial year preceding the relevant financial year is the total of the sums mentioned in paragraphs (a) to (e) of sub-paragraph (1).
		The directors of a quoted company are required to produce for each financial year a directors' remuneration report which shall be approved by the board of directors and signed on behalf of the directors by a director or the secretary of the company.
		A copy of the directors' remuneration report is to be sent to each member of the company, every holder of the company's debentures and every person who is entitled to receive notice of general meetings.
	www.hmso.gov.uk /si/si2002/20021986.htm (7632 words)

	Ref re Remuneration of Judges of the Prov. Court of P.E.I.; Ref re Independence and Impartiality of Judges of the Prov. ...
		Ref re Remuneration of Judges of the Prov.
		While salary commissions and a concomitant policy to avoid discussing remuneration other than through the making of representations to commissions may be desirable as matters of legislative policy, they are not mandated by s.
		However, judges of the Provincial Court, along with persons who received remuneration as members of a Crown agency or a board, commission or committee to which they were appointed by the government, received a mandatory reduction of 3.8 percent in the 1993-94 fiscal year.
	www.canlii.org /ca/cas/scc/1997/1997scc79.html (14606 words)

	Media Centre - Statement on new remuneration policy (Site not responding. Last check: 2007-11-06)
		The overriding objective of the new policy on incentives is to ensure that Vodafone is able to attract, retain and motivate executives of the highest calibre essential to the successful leadership and effective management of a global company at the leading edge of the telecommunications industry.
		The Chief Executive's remuneration will deliver total remuneration that is between the top 25% and the top 10% of the remuneration levels of other chief executives of large European companies.
		The total remuneration levels of executive directors will be at approximately 65% of the Chief Executive level for the Chief Executive Officer and at approximately 50% of the Chief Executive level for the other executive directors.
	www.vodafone.com /article_with_thumbnail/0,3038,CATEGORY_ID=200&LANGUAGE_ID=5&CONTENT_ID=72073,00.html (1066 words)

	Amersham plc Annual Report & Accounts 2001: Remuneration report
		The Remuneration Committee (the Committee) is responsible for determining the remuneration and the terms and conditions of service of the Executive Directors.
		In 2001, the Remuneration Committee considered a valuation of all elements of Executive Directors’ remuneration to ensure that it was aware of the total remuneration within the company and its selected comparators.
		The Remuneration Committee believes that the policy adopted in its remuneration of Executive Directors and senior managers has contributed to the sustained financial success and long termgrowth of the company.
	www.amersham.com /investors/AR01/rep22.html (1656 words)

	Public Service chief executives - remuneration policy (Site not responding. Last check: 2007-11-06)
		The State Services Commissioner is responsible for the remuneration of chief executives who head departments that are defined under the State Sector Act 1988 with the exception of the State Services Commission and the Crown Law Office.
		Remuneration for these roles is under the jurisdiction of the Higher Salaries Commission.
		For each chief executive already in place, the Commissioner has the discretion to adjust remuneration annually and to pay a performance incentive, of up to 15 percent of the remuneration package, where the Commissioner determines it to be justified.
	www.ssc.govt.nz /ps-ce-rem-policy (319 words)

	Board Committees - Remuneration
		8.2 The Remuneration Committee is authorised by the Board at the expense of the Company to obtain external professional advice and to secure the attendance of third parties with relevant experience and expertise at meetings of the Remuneration Committee if it considers this necessary.
		8.3 The Remuneration Committee is authorised by the Board to appoint external consultants at the Company's expense in respect of executive directors' remuneration and to set their terms of reference.
		The Chairman shall be available at the Annual General Meeting to answer questions arising from the directors' remuneration report and generally on remuneration principles and practice and the activities of the Remuneration Committee.
	www.g4s.com /print/home/about/key_people/board-committees-remuneration.htm (1871 words)

	Aerobox plc - Corporate Governance: Terms of Reference for the Remuneration Committee (Site not responding. Last check: 2007-11-06)
		The members of the Remuneration Committee shall be independent of management and free from any business or other relationship which could materially interfere with the exercise of their independent judgement.
		The Remuneration Committee may at each meeting appoint one of their number or the Company Secretary to be the secretary of the Committee.
		The secretary of the Remuneration Committee shall circulate the minutes of the meetings of the Remuneration Committee to all members of the Board.
	www.aeroboxplc.co.uk /html/governance/remuneration.html (768 words)

	Evanscorp - Remunerate
		In today's world, this problem is being compounded as employee remuneration is less defined by federal and state awards and more and more determined by workplace agreements.
		Remunerate is a web-based tool that can be run in-house on your own Windows 2000/2003 Server platform, or hosted on Evanscorp servers and accessed via the Internet.
		Licensing is based upon the number of servers hosting Remunerate and the number of employees being managed by the system.
	www.remunerate.com.au (277 words)

	PwC: Important to get directors' remuneration right (Site not responding. Last check: 2007-11-06)
		Remuneration is not, of course, the only factor, but it is clearly a significant one.
		PricewaterhouseCoopers Malaysia (PwC) is rolling out the PwC Board Remuneration and Practices Survey 2004 in an effort to foster a framework in corporate Malaysia that empowers shareholders and encourages companies to get their policies on Directors' remuneration right.
		The effort is in line with corporate governance practices in Malaysia based on the fundamental principles of accountability, transparency, and linkage of rewards to performance.
	www.pwc.com /Extweb/ncpressrelease.nsf/docid/8F74BDE2EFB3E278CA256F020023EDF1 (605 words)

	Remuneration News (Site not responding. Last check: 2007-11-06)
		The majority of organisations are currently aligning their Executive remuneration levels at the median or upper quartile of the market, with total remuneration being the most popular policy structure.
		The majority of organisations are currently aligning their General Staff remuneration levels at the market median, with fixed remuneration (base salary plus benefits) being the most popular policy structure.
		Remuneration levels are averaging between 1-5% higher in Auckland and Wellington, with the South Island showing lower remuneration levels overall.
	www.pwc.com /Extweb/pwcpublications.nsf/docid/51A92E9B13355555CA256F4100109338 (352 words)

	Remuneration policy
		In view of the expiration of the long-term variable remuneration plan for the Chairman of the Executive Board on 1 July 2005, the short-term and long-term variable remuneration components for the Executive Board members will also apply pro rata to Mr.
		Each year, the Remuneration Committee of the Supervisory Board evaluates the overall remuneration package against the remuneration levels at multinational companies of similar size and listed on the AEX and AMX and sees to it that Vopak’s remuneration package continues to be at least equivalent to the median of these companies’ remuneration packages.
		The amount of the fixed component is determined in such a way that it always represents a sufficient remuneration for the efforts and responsibilities of the executive officer in question, as reflected in the grades used in the Hay Group system.
	www.vopak.com /corporate_governance/142_174.php (456 words)

	The Hindu Business Line : CEO remuneration — I : The burning issue
		However, over the years, with the shift in India's economic policy towards a market-oriented capitalistic economy, this particular legislation has been amended to increase the maximum pay package limits that are payable to the managerial personnel.
		A CEO may be paid remuneration by way of a monthly payment and/or at a specified percentage of the company's net profits.
		On the other hand, Section 309 is concerned with total remuneration payable to directors; whatever is the nature of such remuneration, managerial or otherwise.
	www.blonnet.com /2002/08/13/stories/2002081300130900.htm (750 words)

	Amersham plc: Annual Report & Accounts 2002 - Directors' remuneration report
		Details of the Directors retiring by rotation at the Annual General Meeting to be held on 7 May 2003 are given in the Report of the Directors.
		In 2002, the Remuneration Committee considered a valuation of all elements of Executive Directors’ remuneration to ensure that it was aware of the total remuneration within the company and its selected comparators.
		The Remuneration Committee believes that the policy adopted in its remuneration of Executive Directors and senior managers has contributed to the sustained financial success and long term growth of the company.
	www.amersham.com /investors/AR02/rep-24.html (2203 words)

	Remuneration Tribunal (Site not responding. Last check: 2007-11-06)
		The Tribunal is established by the Remuneration Tribunal Act.
		Changes to remuneration contained in the resultant determination are subject to disapproval rights vested in the Legislative Assembly.
		The Administrator may, under the Remuneration Tribunal Act itself, make the same inquiry request in respect of members of the Legislative Assembly and Ministers, or request the Tribunal to conclude its inquiry with a determination covering the remuneration and allowances, entitlements and additional salary of office of those parliamentarians.
	www.nt.gov.au /dcm/remuneration/remuneration.shtml (485 words)

	LexisHR \| Remuneration \| Payroll \| Feature Articles
		The human resources consulting services available from this company are flexible and involve a number of different areas including remuneration advice and management.
		Grant Thornton provides remuneration consultancy services that include advice in connection with the overall remuneration packages provided to key employees.
		Berry consultants provide strategic remuneration advice which includes designing efficient remuneration packages for board members and executive staff.
	www.australiahr.com.au /aus/remuneration/servicesconsult.asp (223 words)

	Remuneration Act, 1990 [Act] (Site not responding. Last check: 2007-11-06)
		An Act to establish a tribunal to determine the remuneration payable to members of the judiciary and the remuneration or part of the remuneration payable in respect of certain other offices; and for other purposes.
		A member of the Tribunal is entitled to such remuneration as is determined by the Governor.
		The Tribunal must, where appropriate in determining remuneration under this Act, have regard to the constitutional principle of judicial independence.
	www.parliament.sa.gov.au /Catalog/legislation/Acts/r/1990.19.htm (1036 words)

	DPSA - Remuneration Documents
		Communique: Implementation of new inclusive flexible remuneration package system for employees in the middle management service(MMS) (salary leveles 11 and 12), w.e.f.
		Annexure B: Dispensation for the appointment and remuneration of persons (special advisers) appointed to executing authorities on ground of policy considerations in terms of section 12a of the public service act, 1994: 1 January 2005
		Dispensation for the appointment and remuneration of persons (special advisers) appointed to executing Authorities on ground of policy considerations in terms of Section 12a of the public service act, 1994: 1 January 2004
	www.dpsa.gov.za /r_documents.asp (1437 words)

Try your search on: Qwika (all wikis)