A simple model for planning the remuneration package for the board of a company limited by guarantee.
Just the headings; you have to put in the compliance features of the package to AASB and CA2001 and the principles used for remuneration outside of compliance, but if you do it this way, reporting in the annual report becomes a lot easier. The model suggests 7 separate styles of remuneration. This model is based on the idea that the basic remuneration package must be derived from principles that are determined and meaningful and then applied to all directors equally. (Differences not based on this model can be dealt with in a separate Service Level Agreement that is measured on delivery and performance and only signed by one director.) (See related Annual report.)
C-0164Remune_1.docA simple model for planning the remuneration package for the board of a company limited by guarantee. (GLBG)
