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REMUNERATION INTELLIGENCE

Every pay decision, read against the people who vote on it

The most comprehensive remuneration database of the entire ASX300, and the only one read against investors’ own voting policies, their recorded votes and their published reasons.

It answers two questions together. How will the investors on your register read your pay, given what their policies say? And how did those same investors vote at other companies that made a similar change or carried a similar concern?

Request a walkthroughWhat you can do with it ↓
WHAT IS IN THE DATABASE

Read from the annual report, line by line

More than 75,000 data points, each with the page it came from. Not a survey, and not a summary of someone else’s summary.

Who
Chief executives, chief financial officers and the other executive key management personnel of the ASX300, and every non-executive director.
Pay, as policy
Fixed remuneration, STI and LTI at target and at maximum, in dollars and as a percentage of fixed, total target and total maximum remuneration, and the pay mix.
Pay, as paid
Statutory remuneration line by line, realised pay, STI awarded and its share of target and maximum, LTI vesting and the value vested, one-off awards and termination payments.
Plan design
45 features across the STI, the LTI and the wider framework: deferral, performance and vesting periods, gateways, malus and clawback, change of control, cessation treatment, board discretion, retesting, minimum shareholdings, notice periods.
Performance measures
Each STI and LTI measure in the company’s own words, its category, its weighting, whether it is a gateway or a modifier, relative or absolute, and the peer group it is tested against.
Director fees
Chair, member and committee fees seat by seat, the fee pool and how much of it is used.
Company context
Market capitalisation, revenue, profit, assets and employees for peer selection; shareholder return, earnings and dividends for pay-for-performance testing; GICS classification.
Years
FY25 for the index, with FY26 added as each annual report is published. A year is always added beside the last, never written over it.
WHAT YOU CAN DO WITH IT

From a peer group to a tested proposal

01

Build the peer group, or have one proposed

Choose peers by size and by sector, or ask the platform to propose a group. A proposed group comes with its reasoning: how close each company is on size, how close on industry, and which near misses were left out and why.

  • Size by market capitalisation, revenue, profit or total assets
  • GICS sector and industry group
  • Save groups and reuse them across every screen
02

Benchmark quantum, one clean row per measure

Each measure is a single row resting on every company that discloses it in any acceptable form. Where a report gives dollars but not a percentage of fixed, or the reverse, the platform completes the other from the company’s own figures and says so.

  • Minimum, P25, median, P62.5, P75 and maximum, with your company’s percentile
  • Points shown from five companies, the median from three
  • A disclosed annual rate counts for a part-year incumbent; paid amounts for a part year do not
  • Opportunity is never mixed with what was awarded or realised

Where your pay sits in a peer group you define

Illustrative data · companies, investors and figures are fictional

CEO · 24 peers · Materials, $4bn–$12bn market capitalisation

Band = P25 to P75 · line = median · dot = your company

Fixed remunerationSTI maximum, % of fixedLTI maximum, % of fixedTotal maximum n=24 · 17 policy · 7 statutory proxyn=22 · 18 disclosed · 4 derivedn=21 · 19 disclosed · 2 derivedn=20 · 11 disclosed · 9 derived $1.85m · P58150% · P71200% · P86$8.33m · P79 minmax

One clean row per measure: minimum, P25, median, P62.5, P75 and maximum, with a count of how many values are disclosed and how many are derived.

03

Benchmark plan design, not only pay

See how common each design feature and each category of performance measure is in your peer group, and read the wording each peer uses. It is the evidence a remuneration committee needs when a proxy adviser calls a structure unusual.

  • Prevalence of every feature, with the verbatim text behind it
  • Measure categories and weightings for the STI and the LTI
  • A report that is silent is recorded as not disclosed, never assumed

How common is each feature among your peers?

Illustrative data · companies, investors and figures are fictional

Plan design prevalence · 24 peers

Bar = share of the 24 peers whose report discloses the feature

FeaturePeers with itYour company
Malus and clawback
92%✓
STI deferral into equity
79%✓
CEO minimum shareholding
71%✗
Financial gateway on the STI
54%✓
Four-year LTI performance period
33%✗
Retesting of LTI hurdles
8%✗
✓ your report discloses this feature✗ your report does not disclose it, so you differ from the peers that do

Captured in each company's own words. Where a report is silent, the silence is recorded as “not disclosed”, never guessed.

04

See what changed from one year to the next

Quantitative moves for the same incumbent, and structural changes to the plan: a measure added, a deferral lengthened, a scorecard reweighted. A rewording with the same figures is never counted as a change.

  • The base year comes from the comparative printed in the later report where there is one
  • A change of incumbent is shown and kept out of the group statistics
  • Trends use the same companies in every year

What changed in the numbers, and in the plan itself

Illustrative data · companies, investors and figures are fictional

Company K · FY25 → FY26

Same incumbent · base year taken from the comparative printed in the FY26 report

CEO fixed remuneration$1.60m → $1.72m +7.5% · peer median move +3.1%
LTI maximum150% → 180% of fixed +30 pts
ADDEDLTI measure: return on invested capital, 25% weighting
FIGURESSTI deferral: 33% for one year → 50% for two years
REMOVEDIndividual performance modifier on the STI

A rewording with the same figures is never counted as a change. Trends use the same companies in every year, so growing coverage cannot distort them.

05

Test pay against performance

Set statutory, realised or maximum pay, STI outcomes and LTI vesting against shareholder return and earnings, for one company through time and across the peer group in a single year.

  • Rank of pay against rank of return, with the misaligned quadrant marked
  • Reported shareholder return where the company gives one
  • Every series comes from one source, so a trend never splices two definitions

Is pay moving with returns, against your peers?

Illustrative data · companies, investors and figures are fictional

CEO realised pay rank against three-year shareholder return rank

24 peers · each dot a company · amber = your company

Pay P79 · return P24 higher pay, lower returnlower pay, higher return Three-year shareholder return, percentile in peer group → CEO realised pay, percentile →

Statutory, realised or maximum pay, STI outcomes and LTI vesting against shareholder return and earnings. Misalignment shows up before an investor points to it.

06

Search the precedent

Pick a change or a concern and the platform finds every company that shows it, with the figure and the report page as evidence. It then shows how investors voted at those meetings, investor by investor, beside each investor’s record everywhere else, and the reasons they published.

  • Pay rises, higher STI or LTI maximums, one-off awards, termination payments
  • Bonuses paid near maximum, and incentives paying out in a year of negative return
  • Any design feature disclosed or not disclosed; any category of performance measure
  • Group figures only where enough meetings support them; it shows what happened, it does not forecast

Who has already done this, and how did investors vote there?

Illustrative data · companies, investors and figures are fictional
1 · THE CHANGECEO fixed remuneration lifted by 10% or more22 of the ASX300, each with the figure and report page as evidence
2 · THE RESULT8 of 22 took a strike against 20 of the other 278Median vote against: 22%, against 5% everywhere else

HOW THE MEETINGS WENT

25% · a strike The 22 that did it The 278 that did not 0%10%20%30%40%50%60% Vote against the remuneration report · each dot an ASX300 company · line = median

3 · WHICH INVESTORS MOVED, AND WHICH DID NOT

at every other companyat these 22 Investor AAustralian super fund+33 ptsInvestor CEuropean asset manager+23 ptsInvestor EUK asset manager+26 ptsInvestor BGlobal index manager+2 ptsInvestor FAustralian fund manager+1 ptsInvestor DNorth American pension−3 pts 0%25%50%75%100%

4 · WHY, IN THEIR OWN WORDS

“The increase in fixed remuneration is not supported by a change in role, scope or company scale.”Investor A · published rationale · shown verbatim with its source

Four steps on one screen: the change, what happened at those meetings, which investors vote differently when they see it, and the reasons they gave. Investors B, D and F barely move, so the engagement effort goes to A, C and E. A policy states the intent; a vote at a comparable company shows how it was applied.

07

Research a proposed change before it is announced

Enter the change you are considering and see where it would place you in the peer group. Then read it against the policies of the investors on your register, their votes at your own past meetings, and their votes at other companies that made the same change.

  • Sits beside the register-weighted risk briefing in the wider platform
  • Notices of meeting and results of meeting sit beside the pay data
  • Every table exports to Excel with its sources
HOW THE DATA IS TREATED

Built to be challenged in a boardroom

A benchmark is only useful if it survives the question “where did that number come from?” These rules apply to every figure.

Traced to the page
Every figure carries the page of the annual report it came from and the words around it. Nothing is taken from a third-party summary.
Disclosed or derived, always marked
A figure the platform completes by arithmetic shows its working and both inputs, and every statistic says how many of its values are derived.
Opportunity and outcome kept apart
Policy figures are benchmarked against policy figures; awarded and realised figures against their own kind. A one-off award never enters an incentive opportunity.
Silence is recorded, not guessed
Where a report does not address a feature, the database says so. An absent field is never treated as a deficiency.
Statistics that can carry weight
Percentile points appear from five companies and a median from three. Below that the companies are listed and no statistic is drawn.
Sourced exchange rates
Foreign-currency pay is converted at the report’s own rate, or at the Reserve Bank of Australia’s average for that company’s financial year. Each converted figure names its rate.
Markets never pooled
Australian and UK data are held and benchmarked separately.
Max Purcell
BUILT BY A REMUNERATION PRACTITIONER
Designed and built by Max Purcell, who has worked on every side of executive pay for more than a decade: as an analyst at a specialist executive remuneration consultancy, as the adviser who established the remuneration advisory practice of a global governance firm in Australia, and in investment stewardship at one of the world’s largest asset managers, where pay resolutions are assessed and voted. The database captures what a remuneration committee, its adviser and an investor each look for, because it was built by someone who has sat in all three seats.
WHO USES IT

Before the framework is set, not after the vote

Remuneration committees
Setting next year’s framework with the peer evidence, and the likely reception, in one place.
Heads of Reward
Preparing a committee paper with figures that open to their source when a director asks where a number came from.
Remuneration consultants
Testing a proposal against peers and against precedent before it goes to the client.
Company secretaries and investor relations
Going into engagement season knowing which investors have opposed the same structure elsewhere, and why.

See it on your own peer group and register

A walkthrough takes your company, a peer group you would recognise and the investors on your register, and shows what the evidence says.

Request a walkthrough

Illustrations on this page use fictional companies, investors and figures. Sourced from published annual reports and remuneration reports.

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