Should leave accruals be shown in executive remuneration table disclosures? If companies follow the letter of AASB 1046 director and executive disclosure requirements, the answer will probably be no. Yet our GuerdonData™ database indicates that five ASX 300 companies have shown accrued leave in one of the defined AASB 1046 categories of their remuneration disclosure tables since June 30 last year. So, if you are a director on either the remuneration or audit committees of the board, and you see leave accruals in the draft document’s AASB categories, ask your auditors, or remuneration consultants, why this is appearing, and why your company’s practices should vary from the vast majority of ASX companies.
See Article page.
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