Nov 3 (Reuters) - Qantas Airways Ltd (QAN) :
- THERE HAS BEEN A SUBSTANTIAL LOSS OF TRUST IN NATIONAL CARRIER
- ACKNOWLEDGE IMPACT OF ACCC’S ALLEGATIONS AND HIGH COURT DECISION ON THE GROUND HANDLING MATTER, WHICH LANDED WITHIN TWO WEEKS OF EACH OTHER
- BOARD HAS COMMENCED A PROCESS OF INDEPENDENTLY REVIEWING KEY GOVERNANCE MATTERS OVER PAST 12 MONTHS
- NOW WORKING THROUGH A PROCESS WITH FEDERAL COURT AND TRANSPORT WORKERS' UNION TO COMPENSATE 1,700 EMPLOYEES WHO WERE RETRENCHED
- WILL SHARE OUTCOMES INDEPENDENT REVIEW BY MIDDLE OF NEXT YEAR
- CONTINUE TO RETURN FUNDS TO SHAREHOLDERS WITH OUR BUYBACK OVER 40 PER CENT COMPLETE
- BALANCE SHEET IS IN A STRONG POSITION AND WE HAVE APPROXIMATELY $A10 BILLION IN LIQUIDITY SOURCES
- INVESTING IN PEOPLE - WITH MORE TRAINING, MORE JOBS AND MORE PROMOTIONS
- BOARD MADE A NUMBER OF DECISIONS ON EXECUTIVE PAY TO DRIVE ACCOUNTABILITY FOR CUSTOMER AND REPUTATIONAL ISSUES THAT HAVE ARISEN
- CUSTOMER METRICS ACCOUNT FOR 20 PER CENT OF OUR ANNUAL INCENTIVE PROGRAM - KNOWN AS SHORT-TERM INCENTIVE PROGRAM OR STIP
- FOR FY23, ON-TIME PERFORMANCE WAS ONLY CUSTOMER METRIC THAT WAS ACHIEVED
- BOARD EXERCISED ITS DISCRETION TO ZERO OUT CUSTOMER COMPONENT OF SCORECARD FOR EXECUTIVE MANAGEMENT
- THERE WILL BE OVERWHELMING VOTE AGAINST REMUNERATION REPORT, WHICH IS ALMOST COMPLETE REVERSAL OF 90-PLUS PER CENT SUPPORT IN RECENT YEARS
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Nov 3 (Reuters) - Qantas Airways Ltd (QAN) : THERE HAS BEEN A...
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