ASIC relief on measuring remuneration

ASIC has announced relief to assist listed companies in measuring and reporting director and executive remuneration in their annual reports. The relief is provided under ASIC Class Order Calculation of director and executive remuneration. ASIC is granting short term relief to assist listed companies by addressing potential confusion as to the bases for calculating remuneration of directors and executives for disclosure in directors’ reports and financial reports. The relief will remove any doubt over the ability of companies to disclose an individual director or executive remuneration using a single measurement basis.