kpmg.com Open in urlscan Pro
23.215.7.25  Public Scan

Form analysis
0 forms found in the DOM

Text Content

close
Share with your friends

 * 
 * 
 * 
 * 
 * 
 * 





 * Insights
 * Industries
 * Services
 * Tech Solutions
 * Careers
 * About us




Please note that your account has not been verified - unverified account will be
deleted in 7 days after initial registration. Click anywhere on the bar, to
resend verification email.


KPMG PERSONALISATION

Get the latest KPMG thought leadership directly to your individual personalised
dashboard
Register now Login
Close


NOTICE OF UPDATES!

Notice of updates

Continue
Close


HI!

Our privacy policy has been updated since the last time you logged inWe want to
make sure you're kept up to date. Please take a moment to review these changes.
You will not receive KPMG subscription messages until you agree to the new
policy.

Continue
Ignore and log out
Close


HI !

CheckBox
Continue
Close



REMUNERATION REPORTING GUIDE REMUNERATION REPORTING GUIDE REMUNERATION REPORTING
GUIDE

KPMG's practical guide to preparing Remuneration Reports.

KPMG's practical guide to preparing Remuneration Reports.

 * Share
   Share close
 * 

 * Download  a PDF version of this article Opens in a new window
 * 1000
   Save this article to my library
 * View Print friendly version of this article Opens in a new window
 * Go to bottom of page

 * Home ›
 * Insights ›
 * Remuneration Reporting Guide

Article Posted date 06 June 2023


FOCUS ON EXECUTIVE REMUNERATION

Often it seems like the most widely read section of a listed company’s Annual
Report is not the page that tells us what their profit (or loss) is for the year
but rather it’s the Remuneration Report that names the key executives and their
remuneration.


With shareholders, proxy advisors, institutional investors, the media and other
stakeholders increasing their focus on the remuneration of directors and Key
Management Personnel (KMP), Remuneration Reports have never been more important.
This is also why they continue to grow in length each year. As directors and KMP
have responsibility for the overall management and custodianship of the
organisation, stakeholders want to understand how these individuals are being
remunerated, their behaviours will support the achievement of the organisation’s
strategies (including those related to ESG) and that their interests are aligned
with those of shareholders, employees, customers and society in general.


Insights into Remuneration Reporting

KPMG's practical guide to Remuneration Reporting
(2nd Edition)

(PDF 2.35MB)






EXECUTIVE SUMMARY FOR DIRECTORS

For a high level overview of some of the key topics included in the full
publication, there is an executive summary. This executive summary may be useful
for Directors or other individuals who require only a broad understanding of the
requirements for the Remuneration Report.


Download the Executive Summary for Directors (PDF 861KB)




PRODUCING EFFECTIVE REMUNERATION REPORTS IS CHALLENGING

A clear and understandable Remuneration Report explains how KMPs are remunerated
in the short, medium and long-term and links that remuneration back to the
performance of the organisation.

This is challenging as the Remuneration Report is not only about compliance with
the relevant legislation, it is also a key communication tool between the
organisation and its stakeholders. The Remuneration Report should tell the story
of how the remuneration framework is structured, the remuneration outcomes and
how that aligns to the creation of long-term sustainable value, for both
shareholders and other key stakeholders. It should be forward looking as well as
reporting on what has happened in the current year. This all needs to be
balanced against the privacy of the individuals captured in the report which is
a challenging balancing act.

Due to the many different facets the Remuneration Report aims to cover, it often
also involves many different parts of the organisation working together to
prepare it. Human Resources and Finance are usually the key parties involved,
but often the Company Secretary, General Counsel, Investor Relations and even
the Board or Remuneration Committee may have significant input as well. With all
these competing viewpoints and priorities, it can be easy to lose focus on what
the key statutory requirements are that must be included in the Remuneration
Report.






KEY REMUNERATION REPORTING AREAS CONSIDERED

This publication (2nd edition) provides guidance to help ensure that you produce
Remuneration Reports that are effective communication tools, aspiring to align
with best practice, and which ultimately comply with the Corporations
Act (2001). 

It addresses common questions we are asked in practice, including:

 * Preparation of Remuneration Reports
 * Who is included in the Remuneration Report
 * General disclosures, including how ESG measures should be disclosed
 * Treatment of specific transactions in the statutory remuneration table
 * Employee share loans
 * Modifying share-based payment awards
   
 * Deferred short-term incentive arrangements
 * Malus and clawback clauses
 * ‘Two-strike’ rule.
   


Detailed discussion on each of these topics can be found in our report.


ADDITIONAL TOPICS COVERED IN THIS EDITION:



 * Tips for improving non-statutory remuneration reporting
 * Considerations when prior period misstatements are identified
 * Considerations for newly listed companies
 * Tips for disclosing performance hurdles and outcomes
 * Disclosures of ESG measures
 * Additional guidance on termination payments
 * Deferred short-term incentive arrangements




Insights into Remuneration Reporting

KPMG's practical guide to Remuneration Reporting (2nd edition)

Insights into Remuneration Reporting

KPMG's practical guide to Remuneration Reporting (2nd edition)


Opens in a new window


FURTHER READING

Financial Reporting category
Financial Reporting Centre
Financial Reporting Centre

Our Australian Financial Reporting Centre provides the resources you need to
prepare relevant, compliant and useful financial reports.

The resources you need to prepare relevant, compliant and useful financial
reports.

Public Policy and Regulatory Change category
Australian Reporting Updates
Australian Reporting Updates
Article Posted date 06 June 2022

Reporting Updates are KPMG's way of communicating changes occurring within the
Australian financial reporting environment to our clients.

KPMG communicates changes occurring in the Australian financial reporting
environment.


Performance & Reward
Performance & Reward

KPMG’s Performance & Reward team develops innovative solutions that drive
engagement, retention and higher performance for organisations.

KPMG Performance & Reward drives engagement, retention and higher performance.


CONNECT WITH US

blog posts
Kim Heng
Partner, Audit, Assurance & Risk Consulting
KPMG Australia
Profile | Email | Phone
blog posts
Ben Travers
National Leader, People Services
KPMG Australia
Profile | Email | Phone
blog posts
Julie Locke
Director, Department of Professional Practice
KPMG Australia
Profile | Email | Phone
blog posts
Anita Pozo-Jones
Director, Audit, Assurance & Risk Consulting
KPMG Australia
Profile | Email | Phone

 * Legal
 * Privacy
 * Accessibility
 * Sitemap
 * Help
 * Glossary
 * Employee

 * Legal
 * Privacy
 * Accessibility
 * Sitemap
 * Help
 * Glossary
 * Employee
 * Contact
 * Office locations
 * Email us
 * Payments
 * Media
 * Media releases
 * Media contacts
 * Newsroom
 * About
 * Alumni
 * Careers
 * Events

 * twitter. Opens in a new window
 * linkedin. Opens in a new window
 * facebook. Opens in a new window
 * youtube. Opens in a new window
 * instagram. Opens in a new window

 * Contact
 * Office locations
 * Email us
 * Payments

 * Media
 * Media releases
 * Media contacts
 * Newsroom

 * About
 * Alumni
 * Careers
 * Events


REQUEST FOR PROPOSAL

Submit RFP Submit RFP


SUBSCRIPTION

Subscribe Now Subscribe to KPMG Insights
Subscription


SUBSCRIPTION

E-mail address is invalid.
Email Address
Submit

KPMG Australia acknowledges the Traditional Custodians of the land on which we
operate, live and gather as employees, and recognise their continuing connection
to land, water and community. We pay respect to Elders past, present and
emerging.


©2023 KPMG, an Australian partnership and a member firm of the KPMG global
organisation of independent member firms affiliated with KPMG International
Limited, a private English company limited by guarantee. All rights reserved.
The KPMG name and logo are trademarks used under license by the independent
member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.


For more detail about the structure of the KPMG global organisation please
visit https://kpmg.com/governance.


close



Close


VERIFY EMAIL

Please verify your email address to continue accessing your account.

Resend verification email
Close


VERIFY EMAIL

We've sent another confirmation message to: 

Close


EMAIL ALREADY SENT

Verification email already sent. Please check your mail.