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In this high-value episode of Governance Bites, interviewer Mark Banicevich speaks with Dr John Peebles, a governance PhD and experienced chair, on the explosive topic of CEO and Director Remuneration.
Dr Peebles reveals how New Zealand’s executive pay is rapidly shifting from a conservative, base-salary model to an aggressive, US-style incentive structure, with potential short-term and long-term bonuses now soaring past 100% of base pay. They discuss why our low director fees are failing to compensate for rising liability, why New Zealand struggles to attract global talent, and the need for boards to abandon compensation surveys to reward extraordinary performance and asset return.
Dr. John Peebles is a highly experienced board director, governance consultant, and executive search advisor. In 2008, he was named one of the 50 most influential search consultants in the world by Business Week. His extensive board experience includes current roles as Chairman of Premier Lifestyle Villages Limited and past roles as a Director for The Broadcasting Corporation of New Zealand.
Dr. Peebles holds a Doctorate in Business and Administration from Massey University. His doctoral research focused on corporate governance, specifically investigating who determines the board's agenda in New Zealand's public companies. He found that directors often passively accept established agenda-setting systems, and his study suggests that competence and transparent boardroom processes are more critical to good governance than factors such as director independence, age, or gender.
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