Fixed remuneration at Bendigo and Adelaide Bank

Kym Sheehan

The Executive Remuneration Reporter

Bendigo and Adelaide Bank pays fixed remuneration in the form of cash salary, non-cash benefits and superannuation plus a grant of deferred base pay shares. It amortises the value of the deferred base pay shares over two years, consistent with the accounting standards. The table below calculates the full value of fixed remuneration using the grant date CSP and the number of deferred shares granted. When I add this to the other fixed remuneration items, the value of fixed remuneration is higher than the total remuneration reported by the company on page 38 of the 2015 Annual Financial Report. If I then look at the total remuneration opportunity (fixed remuneration plus STI opportunity plus LTI grant value) for FY2015, I get a clearer sense of what's actually on the table. I use the total remuneration opportunity, the total and the actual and relative weights of each component, to compare to the market; not the accounting values. Bendigo and Adelaide Bank's 2015 AGM is 10 November 2015.

1 stock mentioned

Kym Sheehan
Kym Sheehan
The Executive Remuneration Reporter

With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter