$100,000 salary reporting rule too low: New Zealand Shareholders’ Association says company disclosure rules outdated

AI Summary

New Zealand’s Shareholders’ Association says the salary threshold requiring company reporting of executive pay is outdated and should be raised above NZ$100,000. It notes that this amount has far less purchasing power than when the disclosure rule was introduced in 1994.

ANALYSIS: Earning $100k today equivalent to earning $33,600 in 1994 when law was set up.