STI schemes and growth: Computershare
Financial performance measures in STI schemes typically reward growth over the pcp. Computershare released its 2015 Annual Report today. The remuneration report indicates STI awards were paid for Management EBITDA performance as well as 'non-financial measures'. With two separate STI schemes - a cash STI scheme with 30% based on personal objectives, and the deferred STI scheme with 50% based on 'strategic, cultural and organisational measures' - a decent portion of this particular STI scheme is not based on financial performance. As for rewarding growth, take a look at the table below of 1 and 5 year growth on Management EBITDA, Management EPS and statutory EPS which I've extracted from the 2015 remuneration report. STI awards were paid in each of the years FY2010-FY2015. I explain more about this STI scheme in this note (VIEW LINK) Computershare's 2015 AGM is on 11 November 2015.
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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...
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