A focus on effective remuneration reporting to key target audiences
GRG provides advice and bespoke drafting solutions for annual remuneration reports for listed companies in Australia. As your trusted advisor and partner, we will help you efficiently draft a narrative that effectively communicates key messages and statutory requirements to all stakeholders (including proxy advisors). Given the detailed disclosure requirements of the Corporations Act (2001), ASX listed companies writing their remuneration reports now need to think carefully about what the purpose of the report is, and the expectations of its three key audiences:
Retail shareholders
Usually looking for short, plain English, simple and often graphic summaries.
Compliance audience
Lawyers, auditors and ASX compliance officers who are usually looking to ensure that minimum requirements are being met.
Institutional investors & proxy advisors
Many in this audience have published their own standards of disclosure that need to be understood.
Remuneration report – an opportunity for strike risk management
Getting your messaging and content right in your remuneration report for these audiences is a major consideration of strike risk management. Since the introduction of the “Two Strikes” system in 2011, simply complying with the requirements of Section 300A of the Corporations Act (including regulation 2m.3.03) in preparing a remuneration report is no longer sufficient and exposes a listed company to the risk of the board being “spilled”.
Bespoke Solutions for Company Annual Remuneration Reports
As a remuneration specialist, GRG offers a depth of understanding of a complex field that is second to none. We analyse over a thousand annual remuneration reports each year; time and again we’ve seen the dramatic difference in outcomes provided by nuanced written communications that really speak to their stakeholders.
Truly effective annual reports are not just compilations of templates and check boxes. We will intensively tailor your report from the ground up, using industry-leading methodologies and authentic insights.
GRG provides two tailored solutions for company annual remuneration reports:
Remuneration Report Copywriting Service
The optimal choice for outsourcing the drafting of your remuneration report, specialists such as GRG ensure compliance with remuneration report requirements and engaging communication to stakeholders. We provide a final draft for your finance team to populate with data and your graphic designers to incorporate into the annual report.
Our Comprehensive Service Offering Includes:
- Suggested Remuneration Reporting Templates and Tools: Including recommended charts and tables, complemented by a project guide.
- Advice on Key Reference Documentation: Policies and procedures that underpin your remuneration philosophy.
- Report Planning and Design: A strategic outline considering company circumstances, statutory requirements, and current remuneration methodology.
- Report Copywriting and Drafting: Creating narratives that effectively communicate to target audiences.
- Review and Editing: Compilation of feedback and draft workshops to refine your report.
- Engagement with Auditors: Providing guidance on non-statutory disclosure as required.
