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Absenteeism, disability and other health-related matters are costing the average participating organization millions of dollars each year in benefit payouts and lost productivity. Concerns ease over a perceived crisis in pension plan funding, according to a new survey jointly conducted by The Conference Board of Canada and Watson Wyatt Worldwide. However, deficits remain a serious challenge for more than half of the respondents.
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The aging population is one of the most powerful forces now affecting employers in Asia-Pacific. The number of employees eligible for retirement is rising each year, and fewer young workers are entering the market in the more developed countries.
Although executive pay design and governance have undergone major reforms — including new SEC proxy disclosure rules — they continue to be a source of controversy and the focus of scrutiny. In guiding their company’s compensation policy, boards face the challenge of responding to increasing criticism from institutional investors — typically the largest shareholders in most firms — as well as from the media and regulators.
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