An independent survey commissioned by the ACTU found 80 per cent of workers had not had a pay rise that kept up with the cost of living in the last 12 months, with nearly half of us receiving no pay rise at all It's no surprise, then, that Telstra's annual meeting turned to chaos yesterday as angry shareholders slammed the $4.5 million package enjoyed by the company's chief executive Andy Penn in the face of falling Telstra share prices. Domino's Pizza boss Don Meij took home a massive $36.84 million in the 2017 financial year. Mr Meij's salary was almost 435 times the average workers earnings, according to Australian Bureau o Statistics data, when compared to the average full-time Australian salary of $84,661.20 per year. 

Here's the full list of Australia's top earning CEOs: 

1. Don MeiDomino's Pizza: $36.84

2. Peter and Steven Lowy Westfield Corp: $25.9

3. Nicholas Moore, Macquarie Group: $25.19

4. Chris Rex, Ramsay Health Care: $22.3

5. Louis Gries, Hardie Industries: $ 18.03

6. Andrew Bassat, Seek: $14.12

7. Ron Delia, Amcor: $12.2

8. Alan Joyce, Qantas: $11.25

9. Colin Goldschmidt, Sonic Healthcare: $10.61

10. Mike Kane, Boral: $9.82 . 

Requirements: 

(i) Why are firms required to disclose the remuneration details of their key management personnel?  

(ii) What are the categories of compensation that are required to be disclosed for each key management personnel? 

(iii) Other than key management personnel what other individuals are considered to be related parties?

Answer rating: 100% (QA)

Ans 1 Under rules promulgated by the United States Securities Exchange Commission the SEC nonstate affiliated publicly traded companies listed on a na... View the full answer