Veris Management
Management criteria checks 4/4
Veris' CEO is Michael Shirley, appointed in Oct 2019, has a tenure of 5.33 years. total yearly compensation is A$485.40K, comprised of 94.7% salary and 5.3% bonuses, including company stock and options. directly owns 0.9% of the company’s shares, worth A$192.08K. The average tenure of the management team and the board of directors is 2.1 years and 3.7 years respectively.
Key information
Michael Shirley
Chief executive officer
AU$485.4k
Total compensation
| CEO salary percentage | 94.7% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.9% |
| Management average tenure | 2.1yrs |
| Board average tenure | 3.7yrs |
Recent management updates
Recent updates
Further Upside For Veris Limited (ASX:VRS) Shares Could Introduce Price Risks After 29% Bounce
Oct 12
Many Still Looking Away From Veris Limited (ASX:VRS)
Aug 01A Look At The Intrinsic Value Of Veris Limited (ASX:VRS)
Jun 05Veris (ASX:VRS) Might Have The Makings Of A Multi-Bagger
May 03We Think Veris (ASX:VRS) Can Stay On Top Of Its Debt
Mar 27Investors Aren't Entirely Convinced By Veris Limited's (ASX:VRS) Revenues
Mar 01The Return Trends At Veris (ASX:VRS) Look Promising
Jan 19Veris' (ASX:VRS) Solid Profits Have Weak Fundamentals
Mar 06Is Veris (ASX:VRS) Using Too Much Debt?
Jun 29Veris (ASX:VRS) Has Debt But No Earnings; Should You Worry?
May 14Should You Take Comfort From Insider Transactions At Veris Limited (ASX:VRS)?
Mar 05Is Veris (ASX:VRS) Using Debt In A Risky Way?
Dec 22
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | AU$485k | AU$459k | -AU$5m |
| Dec 31 2023 | n/a | n/a | AU$632k |
| Sep 30 2023 | n/a | n/a | AU$852k |
| Jun 30 2023 | AU$584k | AU$496k | AU$1m |
| Dec 31 2022 | n/a | n/a | AU$3m |
| Sep 30 2022 | n/a | n/a | AU$2m |
| Jun 30 2022 | AU$581k | AU$386k | AU$510k |
| Mar 31 2022 | n/a | n/a | -AU$2m |
| Dec 31 2021 | n/a | n/a | -AU$4m |
| Sep 30 2021 | n/a | n/a | -AU$3m |
| Jun 30 2021 | AU$411k | AU$383k | -AU$2m |
| Dec 31 2020 | n/a | n/a | -AU$10m |
| Sep 30 2020 | n/a | n/a | -AU$16m |
| Jun 30 2020 | AU$343k | AU$202k | -AU$23m |
Compensation vs Market: Michael's total compensation ($USD308.52K) is about average for companies of similar size in the Australian market ($USD287.90K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
CEO
Michael Shirley
5.3yrs
Tenure
AU$485,399
Compensation
Dr. Michael J. Shirley, BSc (Hons), Ph D., serves as Chief Executive Officer of Veris Limited since October 29, 2019 and serves as its Managing Director since June 1, 2022. He is Director at Veris Limited...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 5.3yrs | AU$485.40k | 0.90% A$ 192.1k | |
| CFO & Interim Company Secretary | 4.8yrs | AU$386.56k | 0.26% A$ 56.3k | |
| Chief Operating Officer | less than a year | AU$105.70k | no data | |
| General Manager of People & Culture | 2.1yrs | no data | no data | |
| Chief Strategy Officer | 1.1yrs | no data | no data |
2.1yrs
Average Tenure
Experienced Management: VRS's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 2.7yrs | AU$485.40k | 0.90% A$ 192.1k | |
| Independent Non-Executive Chairman | 9.3yrs | AU$115.00k | 3.93% A$ 840.0k | |
| Independent Non-Executive Director | 3.7yrs | AU$70.00k | 0.88% A$ 189.0k | |
| Non-Executive Director | 6.9yrs | AU$70.00k | 7.8% A$ 1.7m | |
| Non-Independent Non-Executive Director | less than a year | no data | no data |
3.7yrs
Average Tenure
Experienced Board: VRS's board of directors are considered experienced (3.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/16 07:34 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Veris Limited is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Josh Kannourakis | EL&C Baillieu |
| Michael Youlden | MST Financial Services Pty Limited |
| Conrad Mulherin | Stifel Canada |