Inside Asian Gaming

IAG AUG 2022年8月 亞博匯 94 Bekier, around 73% of his Target Annual Reward was “at risk”, comprising both variable short and long-term incentives, payable in cash or by way of award of shares in Star. There is nothingespecially unusual about this construct, which the Report says is within benchmarked parameters for ASX-listed companies with comparable market capitalization. Amore granular examination of the “at-risk” components indicates that short-term incentives were almost entirely dependent upon financial performance targets being achieved. Two “soft” (non- financial) targets are specifically referenced as “moderating” measures, being guest satisfaction and safety; others such as people engagement and risk management were said to have been taken into account as part of a balanced scorecard approach, but the hurdle metric and quantum impact of those measures is not stated. Notable by its omission is any discrete reference to regulatory compliance. It is regulatory compliance that is of fundamental importance to the capacity of superior financial performance to create sustainable value for shareholders. Disciplinary action by a regulator will likely have a financial cost and may affect the ability of the organization to generate future earnings through a regulator- imposed amendment to license conditions, or a suspension or cancellation of license. There was some advertence to regulatory compliance under the head of risk, compliance and sustainability, but aside from noting that there were “ no material breaches or significant penalties imposed on the Group ” during the year, there is no indication that regulatory compliance or relationships mattered, except in the negative. An aggravating factor associated with the absence COLUMNISTS