logo

Remuneration Report Analysis of Insurance Australia Group Limited (IAG)

9 Pages1105 Words447 Views
   

Added on  2019-11-29

About This Document

REMUNERATION REPORT ANALYSIS OF INSURANCE AUSTRALIA GROUP (IAG) Remuneration Report Analysis of Insurance Australia Group (IAG) Introduction 3 Discussion 3 Conclusion 8 References 9 Introduction Insurance Australia Group Limited (IAG) is an Australia based multinational company operating in the insurance sector. [pic] Table 1: Financial Performance Measures of the Company (Source: Insurance Australia Group Limited, 2016) [pic] Table 2: Executive Members of the Company (Source: Insurance Australia Group Limited, 2016) The equity

Remuneration Report Analysis of Insurance Australia Group Limited (IAG)

   Added on 2019-11-29

ShareRelated Documents
Running head: REMUNERATION REPORT ANALYSIS OF INSURANCE AUSTRALIA GROUP (IAG)Remuneration Report Analysis of Insurance Australia Group (IAG)Page 1
Remuneration Report Analysis of Insurance Australia Group Limited (IAG)_1
Table of ContentsIntroduction......................................................................................................................................3Discussion........................................................................................................................................3Conclusion.......................................................................................................................................8References........................................................................................................................................9Page 2
Remuneration Report Analysis of Insurance Australia Group Limited (IAG)_2
IntroductionInsurance Australia Group Limited (IAG) is an Australia based multinational company operatingin the insurance sector. It possesses significant market credibility in the financial domain(Insurance Australia Group Limited, 2014). The study therefore intends to develop a proper remuneration report analysis of IAG taking certain specific points into consideration.DiscussionThe overall information about remuneration report as used in this study has been derived from the annual reports of IAG published for the year 2015-2016. The People and Remuneration Committee (PARC) declared that there will not be any increase in the fixed pay for the company’s executive team except for the individuals who had their job roles changed. There wasa clear focus on the long term incentive (LTI) plan with an investment of 54% of the Total Shareholders Return (TSR) (Insurance Australia Group Limited, 2016). The vestments of long term incentive of the executive directors are common in the present scenario for the benefit of the company but in this respect, the management should take the initiative to decide if the directors are actually eligible to do so and if possible then the minimum time period for such investment (Kershaw, 2012).This was primarily due to the difficult market conditions experienced by the company. In contrast to this, the short term incentive (STI) pay that can be achieved by the executive team was found to be a maximum amount of 67% (Insurance Australia Group Limited, 2016). There are several companies, whose dividends are re-invested in company shares with an intention to increase the shareholder value. The TSR and the expected minimum return is compared and Page 3
Remuneration Report Analysis of Insurance Australia Group Limited (IAG)_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Measuring Performance and Management Control Systems
|22
|4796
|380

Executive Remuneration and Performance Measures in Mayne Pharma and CSL Limited
|11
|1895
|196

Managerial Accounting: Remuneration Approaches
|5
|1165
|180

MANAGERIAL ACCOUNTING Report | QBE Insurance
|6
|1266
|415

Aspects of Remuneration Report
|5
|1061
|44

ACC702 Research on Managerial Accounting in Insurance Sector
|20
|5086
|31