Executives should only be paid bonuses if they outperform business-as-usual expectations over three years or more, and the incentives should come as shares not cash, says the Australian Council for Superannuation Investors (ACSI).
The powerful proxy adviser group wants companies to introduce a binding vote on pay policies every three years, which would outline how salary decisions work in practice and their potential outcomes, on top of current votes on remuneration reports.
![“We’re having a birthday party for [daughter] Rada in a few weeks and we’re going to get the truck to come, which is a real flex,” O’Neill says.](https://static.ffx.io/images/$zoom_0.7012%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_732%2C$y_641/t_crop_custom/c_scale%2Cw_600%2Cq_52%2Cf_auto/b5e4395344f07ccd1e3a348af02af77c8eeb8d1b)
