What is a Remuneration Report?

[CATAPILLAR]

Shares I own are going to adopt a Remuneration Report of the company. Does this mean they are going to do a dicing of shares already owned by the share holder eg 3:1 or something like that?
CATAPILLAR

 

[doctorj]

Re: What is a Renumeration Report?

CLERP 9 requires listed companies to disclose to shareholders the details of directors' and executives' salaries and bonuses in a 'Remuneration Report' and to submit this report to the shareholders for their approval at the company's AGM.

The approval is via a non-binding resolution to adopt or reject the remuneration of directors and executives.

In the case of Telstra, 60% of shareholders rejected the remuneration report but as it is a non-binding vote, the pays of people in the report were not impacted.

Essentially it forms part of good corporate governance.