Following a review of listed company remuneration reports, ASIC has issued an advisory note which identifies 4 areas where listed company remuneration reports issued under section 300A of the Corporations Act can be improved.

These areas are:

• the board’s policy on the nature and amount of remuneration of the key management personnel;
• the non-financial performance conditions in short-term incentive plans;
• why performance conditions have been chosen; and
• the terms and conditions of incentive plans.