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From Mercer

Australia to support pay equity test case

The Australian government has reached an agreement with the Australian Services Union (ASU) to “support the conduct of a major test case on pay equity for community sector employees under the new Fair Work system” that begins 1 Jan 2010. (Select News, 20 Nov 2009) More

RiskMetrics Group finalizes 2010 voting policies

RiskMetrics Group finalized its pay and governance voting policies for the 2010 proxy season, making few changes to specific executive compensation policies but integrating its policies on pay-for-performance, pay practices and board responsiveness. (Select News, 20 Nov 2009) More

Swiss bank pay rules: compliance by 1 Jan 2011

Switzerland's FINMA has issued a circular on financial institutions’ remuneration systems, which must be complied with by 1 Jan 2011. It is consistent with FSB standards and will only be mandatory for the largest banks and insurance providers. (Select News, 20 Nov 2009) More

HRadio: Rethinking incentive design

The changed economy means many long-term incentive programs won’t be paying out this year. Mercer’s Iain Morris joins HRadio to discuss factors in plan review, design trends and finding the right mix of salary and incentives. (Podcast, 20 Nov 2009) More

Stay current with Mercer Select -- December demo

The fast-changing economic and political landscape makes staying current essential. Join our December demo to learn about Mercer Select, a leading resource with the latest news, views and analysis on benefit, compensation and HR topics. (Webcasts, 19 Nov 2009) More | Article

HRadio: Benefits practices in Brazil

Alexandre Espinosa, health and benefits business leader in Mercer’s Sao Paulo office, provides HRadio listeners with an overview of health and benefits issues faced by employers in Brazil as the economic recovery takes hold. (Podcast, 19 Nov 2009) More

Singapore: Employer guidance for economic recovery

Employer guidance to enhance competitiveness and sustainability has been issued by Singapore’s government, unions and employers. Examples include phasing out employee cost-cutting measures and giving one-off bonuses to recognize sacrifices. (Select News, 19 Nov 2009) More

TARP special master issues exec pay rulings

Companies receiving TARP “exceptional assistance” must make significant changes to their 2009 pay programs for certain executives under rulings by a special master. (GRIST, 18 Nov 2009, 5 pages) More | Article

G-20 countries continue banking exec pay reforms

At the recent G-20 meeting, member countries affirmed their commitment to “urgently adopt” consistent executive remuneration reforms for the finance sector and agreed that the Financial Stability Board will monitor and report progress by March 2010. (Select News, 18 Nov 2009) More

France restricts executive pay for bankers

France has implemented new pay rules for banks based on the principles established at the G-20 meeting. The rules, effective immediately, call for increased transparency and restrict the timing and form of bonus payments to certain executives. (Select News, 18 Nov 2009) More