One of Australia’s most influential proxy advisory firms says boards can do more to align executive bonuses to long-term shareholder returns, creating more “skin in the game”.
Philip Foo, of CGI Glass Lewis, said bonus targets for locally listed companies tended to be weighted more toward short-term incentives over long-term incentive once adjustments are made for risk.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
