Directors take pay cut as ABC jobs axed

Original article by Lilly Vitorovich
The Australian – Page: 7 : 24-Jun-20

The ABC will release its five-year plan on 24 June, which will include up to 250 redundancies across its operations. Meanwhile, an ABC spokesman has advised that the Remuneration Tribunal has approved the public broadcaster’s proposal to temporarily reduce the salaries of its nine-member board by 10 per cent during the second half of 2020. The ABC’s five-year plan was originally slated to be released in March, but it was delayed due to the coronavirus pandemic.

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, AUSTRALIA. REMUNERATION TRIBUNAL

BHP pledges improvements as chief’s pay rebounds 20pc

Original article by Tess Ingram
The Australian Financial Review – Page: 18 : 21-Sep-17

BHP Billiton CEO Andrew Mackenzie received a base salary of $US1.7m and total remuneration of $US7.1m ($A8.8m) in 2016-17, compared with $US5.9m previously. The resources group’s annual report also shows that recently-appointed chairman Ken MacKenzie will be paid $US880,000 in 2017-18, which is around eight per cent lower than predecessor Jac Nasser received in 2016-17. Meanwhile, MacKenzie has emphasised BHP’s commitment to shareholder engagement and capital management.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, AMCOR LIMITED – ASX AMC, AUSTRALIAN FEDERAL POLICE

Jervois Mining and the great scandium battle

Original article by Trevor Skykes
The Australian Financial Review – Page: 27 : 4-Nov-16

Jervois Mining’s three directors were paid $A580,000 in salaries and fees in 2015-16 which is a generous sum, considering that the board met only seven times. The directors’ remuneration contrasts with Jervois Mining’s negative cash flow and a pre-tax loss of $A941,000. Jervois Mining’s scandium deposit made the company attractive to Scandium Developments International which urges Jervois Mining’s shareholders to support its attempt to remove the board of the mining company.

CORPORATES
JERVOIS MINING LIMITED – ASX JRV, SCANDIUM DEVELOPMENTS INTERNATIONAL, AUZEX RESOURCES LIMITED, NORTON GOLD FIELDS LIMITED, BLOOM ENERGY, EXPLAURUM LIMITED – ASX EXU, PLATYPUS MINERALS LIMITED – ASX PLP, AUSTRALIAN MINES LIMITED – ASX AUZ, AUSTRALIA. TAKEOVERS PANEL

Top women closing gap on pay as earnings hit $580k

Original article by Adam Creighton
The Australian – Page: 2 : 1-Mar-16

Data from the Australian Taxation Office shows that the three per cent of taxpayers in the highest marginal tax bracket accounted for nearly 30 per cent of the total income tax paid in fiscal 2014. Meanwhile, the average salary of male CEOs and directors rose by 10 per cent to $A667,000 during the financial year, while the average salary of their female counterparts increased by 20 per cent to $A580,000. Medical specialists and financial industry professionals were also among those with the highest incomes.

CORPORATES
AUSTRALIAN TAXATION OFFICE