2017 AUSTRALIAN BOARD REMUNERATION SURVEY SUMMARY …€¦ · The 2017 Australian Board Remuneration Survey is based on remuneration data covering 1021 Boards. This data has been

2017

AUSTRALIAN BOARD REMUNERATION SURVEY

SUMMARY REPORT Incorporating MD/CEOs & Governance Executives

in collaboration with

Published by

McGuirk Management Consultants Pty Ltd ABN 51 057 171 409

PO Box 266, Mt Pleasant SA 5235 St. Magnus Training Centre, Mt Pleasant SA 5235

Telephone (08) 8568 2866 • Facsimile (08) 8568 2033 • Email: [email protected]

McGuirk Management Consultants Pty Ltd © Copyright 2017 Page 2

SURVEY SUMMARY

The 2017 Australian Board Remuneration Survey is based on remuneration data covering 1021 Boards. This data has been collected from 390 on-line contributors, mostly Governance Institute of Australia Members, 261 Boards who are ongoing contributors to the Survey, plus 370 client Boards of McGuirk Management Consultants. Combined, 824 (81%) of these Boards remunerate either all Directors, or a Chairman or a Director. Remuneration data on ASX Boards, Unlisted Public Boards, Private Boards, NFP Boards, Government Boards, Super Fund Boards, Board Committees, MD/CEOs, Finance Executives/CFOs, Company Secretaries and Governance Executives is covered in the ful Report. In this Summary Report for contributors all of the remuneration data presented has been segmented by Revenue for the Combined Results on each Board and Executive role.


SIGNIFICANT STATISTICS in the Full Report

Types of Boards covered: - 155 Listed Public - 149 Unlisted Public - 189 Private - 322 Not For Profit (NFP) - 142 Government - 64 Super Fund Remuneration determined for: - 798 Chairmen - 353 Deputy Chairs - 791 Directors - 344 MDs - 413 CEOs - 752 MD/CEOs - 402 Finance Executives/CFOs - 193 Company Secretaries - 14 Deputy Company Secretaries - 51 General Counsel & Company Secretaries - 121 CFO & Company Secretaries - 26 General Counsels - 74 Chief Risk Officers - 124 Chief Operating Officers - 68 Risk Managers - 76 Compliance Managers Remuneration determined for: - 309 Audit Committees - 54 Finance Committees - 77 Governance Committees - 53 Nominations Committees - 146 Remuneration Committees - 114 Risk Committees


INDEX

CONTENTS PAGE 1. Survey Background 5 2. Terms and Definitions 6 3. Statistical Terms Used 7 4. Key Board Detailss 8 5. Board Remuneration Results 12 5.1 Approach 12 5.2 Combined Results Chairman 13 5.3 Combined Results Deputy Chairman 13

5.4 Combined Results Director 14 6. Executive and Governance Positions Results 15 6.1 Remuneration Results Approach 15 6.1.1 Combined Results Managing Director 16 6.1.2 Combined Results Chief Executive Officer 16 6.1.3 Combined Results MD/CEO 17 6.1.4 Combined Results Finance Executive/CFO 17 6.1.5 Combined Results Company Secretary 18 6.1.6 Combined Results Deputy Company Secretary 18 6.1.7 Combined Results General Counsel & Company Secretary 19 6.1.8 Combined Results CFO & Company Secretary 19 6.1.9 Combined Results General Counsel 20 6.1.10 Combined Results Chief Risk Officer 20 6.1.11 Combined Results Chief Operating Officer 21 6.1.12 Combined Results Risk Manager 21 6.1.13 Combined Results Compliance Manager 22 7. About Us 23

Copyright Reserved: Kindly note that any reproduction or distribution of this document or part thereof in any format, be it electronic or physical, without the written permission of McGuirk Management Consultants, will be considered a breach of copyright, in accordance with the Australian Copyright Act 1968. In addition, all references to any part of this document must be fully acknowledged.


1. SURVEY BACKGROUND

The 2017 Australian Board Remuneration Survey Report, now in its fifth year, is published by McGuirk Management Consultants (MMC) and this year was again created in collaboration with Governance Institute of Australia. The Survey seeks to determine the current financial year ending 30th June 2017 levels of remuneration relating to the following Board positions, as well as remuneration and performance bonuses for the following Executive and related Governance roles:

Chairman Deputy Company Secretary Deputy Chairman General Counsel & Company Secretary Director CFO & Company Secretary Managing Director General Counsel Chief Executive Officer Chief Risk Officer MD/CEO Chief Operating Officer Finance Executive/CFO Risk Manager Company Secretary Compliance Manager

Having a knowledge of current financial year remuneration data will enable users of this report to make a more accurate comparison of their levels of remuneration with ‘market place’ benchmarks shown in the Survey Results. The greatest amount of Remuneration data was obtained from 390 Contributors, mostly Members of Governance Institute of Australia who completed an ‘on-line’ remuneration questionnaire this year and from 261 Boards who are ongoing contributors to the Survey. Remuneration data was also obtained from 370 client Boards of MMC.


2. TERMS AND DEFINITIONS

The terms and definitions used in this Report need to be understood to interpret the results correctly. Standard industry categories for classifying data, where possible, have been chosen to enhance interpretation of the data. However, several terms and techniques used may be unfamiliar. A fuller explanation of such terms and techniques is given in the section relevant to each. The following terms have been used throughout the Report:

Overall The total sample available for analysis for each ‘grouping’ of data.

Revenue The annual figure for revenue derived by a Board, which is

available to meet all of the operating expenses of its business. Assets Total assets as represented in a Board’s Annual Reports. FTE The Full Time Equivalent (FTE) number of employees. Director Remuneration The level of fees or remuneration paid (singularly not in

aggregate) to a Chairman, Deputy Chairman, Director, Committee Chair and Committee Director for performing all responsibilities other than additional fees for completion of Board Committee work, plus any superannuation payment. For example, the fees or remuneration paid to a Chairman, Deputy Chairman or Director as shown in Board Remuneration Results do not include any additional fees for completion of Board Committee work.

Fixed Employee The ‘fixed’ level of remuneration paid to the Executive and Remuneration Governance roles expressed as Total Remuneration Cost

(TRC) but excluding performance/ reward/bonus payments.


3. STATISTICAL TERMS USED

Several statistical terms are now commonplace in the interpretation of remuneration data and where possible, these statistical terms have been used. The terms used are defined as follows:

Tenth and Ninetieth Percentiles: The tenth and ninetieth percentiles are respectively the remuneration levels one tenth from the bottom and top of the total remuneration range. These two figures provide an indication of upper and lower deciles, while at the same time addressing potential outliers. Median: The median is obtained by arranging the remuneration levels according to size and taking the middle level in that arrangement, such that 50% of the remuneration levels will be greater than the median in value and 50% of the remuneration levels will be lower than the median in value. Upper and Lower Quartiles: The upper quartile is the remuneration level one quarter from the top remuneration level of a group and the lower quartile is the remuneration level one quarter from the lowest remuneration level in the group. Average: The average is obtained by totalling all remuneration levels in a group and dividing the sum by the number of cases involved. This can result in the average being distorted by very high or low remuneration levels, that is, outliers.

An illustration of these statistics follows:

Percentages used in Remuneration Tables

0% 10% 25% 50% 75% 90% 100% lowest 10th lower median upper 90th highest level percentile quartile quartile percentile level


4. KEY BOARD DETAILS 4.1 Combined Boards

The 2017 Survey is based on data from 1021 Boards, with 824 Boards (81%) remunerating either all Directors, a Chairman or a Director.* The 197 Boards (19%) who do not currently remunerate their Directors also supplied data, particularly on the MD/CEO role, with 752 Boards supplying remuneration data on this role. The characteristics of Combined Boards, those paying Board fees, are shown below: Revenue No Assets No FTE No Up to $1M 73 Up to $1M 80 Up to 5 86 $1M - $5M 98 $1M - $4M 62 5 - 10 46 $5M - $10M 68 $4M - $8M 52 11 - 20 74 $10M - $20M 119 $8M - $12M 43 21 - 30 53 $20M - $40M 113 $12M - $20M 43 31 - 50 80 $40M - $80M 93 $20M - $40M 53 51 - 70 68 $80M - $120M 41 $40M - $60M 27 71 - 100 53 $120M - $160M 29 $60M - $100M 62 101 - 150 65 $160M - $240M 35 $100M - $200M 59 151 - 200 39 $240M - $400M 42 $200M - $500M 87 201 - 300 48 $400M - $800M 36 $500M - $1B 54 301 - 400 30 $800M - $1B 12 $1B - $3B 72 401 - 600 31 $1B - $4B 26 $3B -$10B 73 601 - 1000 40 $4B or more 13 $10B or more 31 1001 - 4000 52 4001 or more 32 The complete sample of data in Revenue terms ranged from less than $100,000 to over $26B in Revenue. The complete sample of data in Asset terms ranged from less than $100,000 to over $140B. The complete sample of data in FTE terms ranged from less than 5 to over 50,000 employees. *Please Note: This results in the total number (No) of Boards differing in each of the Revenue, Assets and FTE columns above as some Boards may only remunerate a Chairman and not a Director, or vice versa


Type of Organisation No ASX 200 37 Large (200+ employees) – listed public 30 Large (200+ employees) – unlisted public 31 Large (200+ employees) – private 56 Medium (10-199 employees) – listed public 51 Medium (10-199 employees) – unlisted public 97 Medium (10-199 employees) - private 101 Small (1-9 employees) – listed public 37 Small (1-9 employees) – unlisted public 21 Small (1-9 employees) – private 32 NFP: Charity 60

Education 35 Health 59 Aged Care 31 Professional/Industry 96 Sports & recreation 12 Other 39

Govt: Large (200+ employees) 71 Medium (10-199 employees) 60 Small (1-9 employees) 10

Super Fund 64

The Type of Organisation each Board can be identified with can be further refined into 6 categories, which, added together, make up the Combined Boards. The 6 categories are:

• Listed Public • Unlisted Public • Private • NFP • Government • Super Fund

Total 1021


Type of Industry No Agriculture, Forestry and Fishing 44 Mining - Junior 20 Mining 48 Manufacturing 34 Electricity, Gas, Water and Waste Services 41 Construction 20 Wholesale Trade 11 Retail Trade 14 Accommodation and Food Services 19 Transport, Postal and Warehousing 24 Information Media and Telecommunications 34 Financial and Insurance Services 121 Rental, Hiring and Real Estate Services 17 Professional, Scientific and Technical Services 61 Administrative and Support Services 10 Public Administration and Safety 21 Education and Training 87 Health Care and Social Assistance 130 Arts and Recreation Services 19 Other Services 87 Super Fund 64 Mutual Approved Deposit taking Institution 79

The Type of Industry each Board can be identified with, has also been further analysed at each of the category levels with the exception of the Super Fund data.

Total 1021

4.2 Listed Public Boards One hundred and fifty-five (155) Boards are from Listed Public Entities. The sample of data for this group in Revenue terms ranged from less then $1.0M to over $26B, in Asset terms ranged from less than $2M to over $140B, and in FTE terms ranged from less than 10 to over 50,000 employees.

4.3 Unlisted Public Boards

One hundred and forty-nine (149) Boards are from Unlisted Public Entities. The sample of data for this group in Revenue terms ranged from less than $300,000 to over $3.7B, in Asset terms ranged from less than $2M to over $12B, and in FTE terms ranged from less than 5 to over 5,000 employees.


4.4 Private Boards

One hundred and eighty-nine (189) Boards are from Private Entities. The sample of data for this group in Revenue terms ranged from less than $300,000 to over $2.5B, in Asset terms ranged from less than $100,000 to over $14B, and in FTE terms ranged from less than 5 to over 5,500 employees.

4.5 NFP Boards

Three hundred and twenty-two (322) Boards are from NFP Entities. The sample of data for this group in Revenue terms ranged from less than $150,000 to over $2B, in Asset terms ranged from less than $100,000 to over $8B, and in FTE terms ranged from less than 5 to over 15,000 employees.

4.6 Government Boards

One hundred and forty-two (142) Boards are from Government Entities. The sample of data for this group in Revenue terms ranged from less than $500,000 to over $12B, in Asset terms ranged from less than $1.0M to over $98B, and in FTE terms ranged from less than 5 to over 20,000 employees.

4.7 Super Fund Boards

Sixty-four (64) Boards are from Super Fund Entities. The sample of data for this group in Revenue terms ranged from less than $300,000 to over $300M, in Asset terms ranged from less than $300M to over $100B, and in FTE terms ranged from less than 5 to over 600 employees. All information has been collected on a confidential basis and remains the property of McGuirk Management Consultants. Under no circumstances will the information of individual Boards be revealed.


5. BOARD REMUNERATION RESULTS

5.1 Approach

The Board Remuneration Results have been calculated for each of the following roles:

Chairman Deputy Chairman Director

to reveal the tenth percentile, lower quartile, median, upper quartile, ninetieth percentile and average remuneration levels. The level of fees or remuneration shown for each role excludes additional fees for completion of Board Committee work. Results are shown according to the following 2 categories:

Overall Revenue

Where no calculation is shown, this indicates that insufficient data from respondents was provided. To further protect the confidentiality of individual Boards, the minimum number (N) shown has been recorded as 2. However, if this information could be singled out in each segmentation category it was deleted to ensure the confidentiality of the remuneration data supplied.


5.2 Combined Results - Chairman

No. 10% 25% Median 75% 90% Average

$ $ $ $ $ $ Overall 798 20000 40000 73120 116059 183053 97523 Revenue Up to 1M 73 10000 25000 50000 87600 111832 63684 $1M - $5M 98 10700 21000 44940 93750 129500 68539 $5M - $10M 68 9904 19417 39000 68125 109200 51356 $10M - $20M 119 23800 35320 56100 85250 119392 68464 $20M - $40M 113 23100 35875 63448 95000 121834 69647 $40M - $80M 93 30500 48000 80000 117124 173000 89386 $80M - $120M 41 35000 52000 83200 110828 156366 89006 $120M - $160M 29 27532 41400 76035 120000 140828 83635 $160M - $240M 35 73120 93884 126075 150000 176138 130207 $240M - $400M 42 60000 77476 121500 155720 219400 140772 $400M - $800M 36 72610 98000 162844 232560 297500 175943 $800M - $1B 12 81055 89166 112395 179335 255364 170942 $1B - $4B 26 103750 118729 164100 357400 475000 250657 $4B or more 13 194056 391000 565800 680000 851000 552995

5.3 Combined Results - Deputy Chairman


$ $ $ $ $ $ Overall 353 7819 20000 40000 65007 92000 49768 Revenue Up to 1M 24 1360 3000 20000 38080 73350 27854 $1M - $5M 41 2400 6000 16425 43500 80000 37773 $5M - $10M 35 6484 10250 18360 31000 51294 23681 $10M - $20M 56 12000 20381 30893 44082 63254 36141 $20M - $40M 49 14385 20000 39500 60000 81148 42234 $40M - $80M 35 15800 31170 42862 64144 119000 58849 $80M - $120M 22 25100 39125 46268 61510 71800 50211 $120M - $160M 16 21000 25905 38406 49069 57000 37656 $160M - $240M 15 49390 59420 82376 86000 94948 78422 $240M - $400M 22 33952 46225 59000 71815 89737 59905 $400M - $800M 18 37100 46250 88500 115000 139600 90650 $800M - $1B 6 43614 55390 83550 89305 136500 87888 $1B - $4B 11 50000 82654 125000 170555 230000 130139 $4B or more 3 - 150930 200000 237500 - 192287


5.4 Combined Results - Director




6. EXECUTIVE & GOVERNANCE POSITIONS RESULTS

6.1 Remuneration Results Approach

The Executive and Governance Positions Results have been calculated for each of the following roles:

Managing Director (MD) Chief Executive Officer (CEO) MD/CEO Finance Executive/CFO Company Secretary Deputy Company Secretary General Counsel & Company Secretary CFO & Company Secretary General Counsel Chief Risk Officer Chief Operating Officer Risk Manager Compliance Manager

to reveal the tenth percentile, lower quartile, median, upper quartile, ninetieth percentile and average remuneration levels.

The calculations are shown for the Combined Results according to the following 2 categories:

Overall Revenue

Where no calculation is shown, this indicates that insufficient data from Boards was provided. To further protect the confidentiality of individual Boards, the minimum number (N) shown has been recorded as 2. However, if this information could be singled out in each segmentation category it was deleted to ensure the confidentiality of the remuneration data supplied.


6.1.1 Combined Results - Managing Director (MD)



6.1.2 Combined Results - Chief Executive Officer (CEO)


$ $ $ $ $ $ Overall 413 150000 190550 265000 390765 534963 324797 Revenue Up to 1M 25 92000 125000 162206 220000 290000 204209 $1M - $5M 77 130000 150000 186530 257500 343400 220080 $5M - $10M 61 150000 175000 225500 370000 465000 281743 $10M - $20M 70 175000 205250 258228 328000 395530 290322 $20M - $40M 56 182567 220000 265000 361656 443116 308743 $40M - $80M 47 228354 275500 374125 452000 654000 425196 $80M - $120M 23 212000 279882 380000 436500 552000 373616 $120M - $160M 14 266079 276250 299500 408000 437300 326066 $160M - $240M 13 382000 393000 475000 595440 725200 512180 $240M - $400M 12 184070 313340 475313 555250 575170 482822 $400M - $800M 7 414502 457000 528121 610557 744872 553284 $800M - $1B 2 - - 673875 - - 673875 $1B - $4B 4 590868 693810 751675 834263 981705 776398 $4B or more 2 - - 1685250 - - 1685250


6.1.3 Combined Results - MD/CEO



6.1.4 Combined Results- Finance Executive/CFO


$ $ $ $ $ $ Overall 402 114000 150000 212600 317310 456908 279450 Revenue Up to 1M 35 72000 104000 165000 228500 256893 168606 $1M - $5M 51 105000 120000 155000 226500 300000 196238 $5M - $10M 40 108800 128625 174080 256250 313548 259010 $10M - $20M 52 118200 134250 162500 225363 299213 191097 $20M - $40M 43 120025 156000 195000 250925 284200 210085 $40M - $80M 46 137500 177750 252500 299975 407608 263163 $80M - $120M 24 109000 160236 259000 300000 348600 243250 $120M - $160M 16 138008 158950 203000 286250 370000 230915 $160M - $240M 12 200500 255250 356733 450250 497125 349960 $240M - $400M 28 197430 289006 331000 427725 520000 389150 $400M - $800M 24 280100 320937 421625 460800 523500 398813 $800M - $1B 3 - 149000 206000 340500 - 257667 $1B - $4B 18 236800 308500 465750 602750 784000 471341 $4B or more 10 578000 799515 1007500 1248750 1686000 1153602


6.1.5 Combined Results - Company Secretary


$ $ $ $ $ $ Overall 193 40400 120000 175000 251320 329020 191364 Revenue Up to 1M 28 18500 34500 70320 132750 197500 91424 $1M - $5M 24 74000 102125 142500 198913 269900 158596 $5M - $10M 14 65100 112500 156000 224250 266254 166268 $10M - $20M 20 19320 56500 143000 190844 250257 135245 $20M - $40M 20 100000 124500 168275 241250 282000 183232 $40M - $80M 26 118116 158250 191213 250365 313500 208389 $80M - $120M 9 86000 166000 180000 278000 314000 207333 $120M - $160M 3 - 187625 215250 222625 - 201750 $160M - $240M 5 130000 160000 161000 228800 302120 202160 $240M - $400M 11 170000 211000 232000 279000 300325 242704 $400M - $800M 15 121814 154973 263000 322550 356000 239352 $800M - $1B 2 - - 243000 - - 243000 $1B - $4B 10 247000 255500 284625 388500 460000 328925 $4B or more 6 256000 321500 508750 567974 702399 489050

6.1.6 Combined Results – Deputy Company Secretary


$ $ $ $ $ $ Overall 14 115300 151000 187500 233250 258111 190164 Revenue Up to 1M - - - - - - - $1M - $5M - - - - - - - $5M - $10M - - - - - - - $10M - $20M - - - - - - - $20M - $40M - - - - - - - $40M - $80M - - - - - - - $80M - $120M - - - - - - - $120M - $160M - - - - - - - $160M - $240M - - - - - - - $240M - $400M - - - - - - - $400M - $800M 7 130000 157500 175000 214000 242292 183104 $800M - $1B 2 - - 199500 - - 199500 $1B - $4B 3 - 185282 226564 230782 - 201855 $4B or more - - - - - - -


6.1.7 Combined Results – General Counsel & Company Secretary


$ $ $ $ $ $ Overall 51 184500 225258 328820 411000 587000 370013 Revenue Up to 1M 3 - 178000 206000 278000 - 235333 $1M - $5M 4 141400 230500 297500 321078 332017 254078 $5M - $10M 2 - - 85000 - - 85000 $10M - $20M - - - - - - - $20M - $40M 2 - - 206258 - - 206258 $40M - $80M 3 - 186500 225000 237500 - 207667 $80M - $120M 3 - 211550 248000 1024000 - 741033 $120M - $160M 3 - 276000 295000 303000 - 287667 $160M - $240M 3 - 330000 330000 331665 - 331110 $240M - $400M 4 233175 260063 301910 344615 373046 302768 $400M - $800M 11 300000 330000 380000 440000 550000 401586 $800M - $1B 2 - - 437500 - - 437500 $1B - $4B 7 197400 281500 359616 510000 558316 385415 $4B or more 5 292000 430000 587000 700000 778000 549400

6.1.8 Combined Results – CFO & Company Secretary


$ $ $ $ $ $ Overall 121 105000 150000 200000 250000 317000 210226 Revenue Up to 1M 22 72000 100000 178325 215750 250000 165051 $1M - $5M 17 97040 115000 175000 230000 283600 180457 $5M - $10M 7 186000 206000 235000 257000 278400 234429 $10M - $20M 22 111000 126000 157125 230250 326000 189567 $20M - $40M 16 137500 171750 198124 242000 280000 207922 $40M - $80M 12 144600 195900 227500 255767 274807 225027 $80M - $120M 7 176993 203500 218500 235563 264675 219873 $120M - $160M 3 - 204000 300000 308500 - 241667 $160M - $240M 8 237050 286250 335000 439500 464486 352223 $240M - $400M 4 155400 163500 184000 233750 294500 213250 $400M - $800M 3 - 267500 285000 357500 - 321667 $800M - $1B - - - - - - - $1B - $4B - - - - - - - $4B or more - - - - - - -


6.1.9 Combined Results – General Counsel


$ $ $ $ $ $ Overall 26 140000 195500 270000 389250 591500 344737 Revenue Up to 1M - - - - - - - $1M - $5M 2 - - 206000 - - 206000 $5M - $10M 2 - - 140000 - - 140000 $10M - $20M - - - - - - - $20M - $40M 2 - - 142151 - - 142151 $40M - $80M 4 156500 181250 230000 281250 310500 232500 $80M - $120M - - - - - - - $120M - $160M 2 - - 184000 - - 184000 $160M - $240M - - - - - - - $240M - $400M 3 - 250000 275000 337500 - 300000 $400M - $800M 3 - 218500 240000 245000 - 229000 $800M - $1B - - - - - - - $1B - $4B 7 284960 291425 357000 401500 555800 401693 $4B or more 2 - - 1140000 - - 1140000

6.1.10 Combined Results – Chief Risk Officer


$ $ $ $ $ $ Overall 74 125100 150469 200000 322364 509548 309495 Revenue Up to 1M 3 - 152500 155000 189000 - 176000 $1M - $5M 10 111780 156500 178000 200074 603466 438046 $5M - $10M 12 118241 159842 200000 238159 326365 208359 $10M - $20M 6 125000 130813 166387 247255 306583 199323 $20M - $40M 11 142458 148514 156478 230000 314455 194075 $40M - $80M 9 142222 150000 188000 257000 316342 216649 $80M - $120M 2 - - 144000 - - 144000 $120M - $160M 2 - - 217000 - - 217000 $160M - $240M 2 - - 301574 - - 301574 $240M - $400M 3 - 160938 170000 199337 - 183516 $400M - $800M 7 204069 221600 290000 502535 562041 363735 $800M - $1B 2 - - 600000 - - 600000 $1B - $4B 3 - 362500 400000 500000 - 441667 $4B or more 5 232000 400000 521577 685841 1774336 845484


6.1.11 Combined Results – Chief Operating Officer


$ $ $ $ $ $ Overall 124 112100 182970 275000 357750 489779 321397 Revenue Up to 1M 14 75500 143449 206003 242500 292500 198930 $1M - $5M 15 99000 112500 180000 312500 443500 383579 $5M - $10M 11 98000 132750 170000 287500 300000 196769 $10M - $20M 14 131500 181250 237500 341569 422100 261927 $20M - $40M 14 153000 179750 222500 253750 355867 227120 $40M - $80M 12 142025 227750 301188 370000 403600 297481 $80M - $120M 10 191700 230000 289250 324750 387000 283850 $120M - $160M 3 - 277500 295000 299000 - 286000 $160M - $240M 6 287500 300000 315000 382500 449143 350548 $240M - $400M 5 241200 303000 308654 314249 365700 305181 $400M - $800M 8 328300 343225 397500 508691 663872 471433 $800M - $1B 2 - - 235750 - - 235750 $1B - $4B 9 351600 369000 636525 1000000 1120000 673883 $4B or more 2 - - 1100000 - - 1100000

6.1.12 Combined Results – Risk Manager


$ $ $ $ $ $ Overall 68 90000 101500 135000 171615 219675 147881 Revenue Up to 1M 3 - 143000 156000 177155 - 161436 $1M - $5M 7 78300 90250 100000 153503 176950 123544 $5M - $10M 2 - - 148320 - - 148320 $10M - $20M 9 87000 102000 111000 115000 159930 126768 $20M - $40M 9 87000 94800 117600 149350 159338 120929 $40M - $80M 10 113344 123500 146864 168191 177600 146296 $80M - $120M 3 - 98180 100000 146500 - 129787 $120M - $160M 4 103000 107500 115225 125990 135961 118265 $160M - $240M 2 - - 154500 - - 154500 $240M - $400M 6 82902 87352 112500 140500 175000 123467 $400M - $800M 7 135308 193200 253840 290000 313590 236841 $800M - $1B - - - - - - - $1B - $4B 6 145663 169900 192500 210188 235750 191304 $4B or more - - - - - - -


6.1.13 Combined Results – Compliance Manager


$ $ $ $ $ $ Overall 76 80250 96425 120000 153750 197500 138326 Revenue Up to 1M 4 98490 107175 121000 136500 148200 122675 $1M - $5M 13 85935 90000 110000 125000 191840 137860 $5M - $10M 7 63600 67246 80000 95500 140800 94070 $10M - $20M 6 88450 100175 113799 153149 190000 130750 $20M - $40M 8 121708 134186 145465 162500 206000 153621 $40M - $80M 11 92000 120000 138311 153000 175000 136184 $80M - $120M 2 - - 101063 - - 101063 $120M - $160M 2 - - 120483 - - 120483 $160M - $240M 4 105782 108454 114970 123750 130500 117235 $240M - $400M 4 70500 86250 111563 134344 145538 109031 $400M - $800M 7 112948 134150 168600 182500 238000 173467 $800M - $1B 2 - - 87010 - - 87010 $1B - $4B 6 98625 128250 174000 210188 382625 218417 $4B or more 2 - - 100000 - - 100000


7. ABOUT US

McGuirk Management Consultants (MMC) has been providing clients with remuneration benchmarking and general remuneration consulting since 1990. We work with ‘industry partners’ such as Governance Institute of Australia, and now publish 6 National Remuneration and Benchmarking Surveys, including 2 Board Remuneration Surveys. Clients throughout Australia regularly use our services to determine their:

Board and Committee remuneration MD/CEO remuneration SMT remuneration Staff remuneration

Some clients use our services annually, others every two or three years, depending on their growth and market conditions. If you require any assistance in using this Report or if we can be of further assistance with your remuneration benchmarking needs please contact us on the numbers listed below. Terry McGuirk BA(Hons), FAICD, FAMI Director Email: [email protected] Office: 08 8568 2866 Mobile: 0411 722 388

2017 AUSTRALIAN BOARD REMUNERATION SURVEY SUMMARY …€¦ · The 2017 Australian Board Remuneration Survey is based on remuneration data covering 1021 Boards. This data has been

Documents