Hamish Douglass' new pay revisited

Kym Sheehan

The Executive Remuneration Reporter

I outlined a change in approach to Hamish Douglass' fixed remuneration in this note (VIEW LINK) from November 2015. The release of Magellan Financial Group's 2016 remuneration report today indicates his fixed remuneration for FY2017 will be $2,748,023 inclusive of superannuation, which is more than double his FY2016 fixed remuneration of $1.25 million. The Board is quite correct is saying it appreciates his fixed remuneration 'could rise materially in absolute terms', it is not quite correct in saying this is over the longer term. Given his STI maximum opportunity will remain unchanged 100% of fixed remuneration, any uplift in fixed remuneration flows onto the total remuneration opportunity.

1 topic

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.


Sign In or Join Free to comment