Veris Management
Management criteria checks 2/4
Veris' CEO is Michael Shirley, appointed in Oct 2019, has a tenure of 4.5 years. total yearly compensation is A$583.62K, comprised of 85.1% salary and 14.9% bonuses, including company stock and options. directly owns 0.9% of the company’s shares, worth A$269.83K. The average tenure of the management team and the board of directors is 4 years and 2.8 years respectively.
Key information
Michael Shirley
Chief executive officer
AU$583.6k
Total compensation
| CEO salary percentage | 85.1% |
| CEO tenure | 4.5yrs |
| CEO ownership | 0.9% |
| Management average tenure | 4yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
We Think Veris (ASX:VRS) Can Stay On Top Of Its Debt
Mar 27
Investors 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 |
|---|---|---|---|
| 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$23m |
Compensation vs Market: Michael's total compensation ($USD380.41K) is above average for companies of similar size in the Australian market ($USD290.69K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
CEO
Michael Shirley
4.5yrs
Tenure
AU$583,621
Compensation
Dr. Michael J. Shirley, BSc (Hons), Ph D., serves as Chief Executive Officer of Veris Limited since October 2019 and serves as its Managing Director from June 1, 2022. He is Director at Veris Limited since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 4.5yrs | AU$583.62k | 0.90% A$ 269.8k | |
| CFO & Interim Company Secretary | 4yrs | AU$428.88k | 0.26% A$ 79.1k | |
| Chief Commercial Officer | 4.1yrs | AU$388.10k | 0.31% A$ 93.7k | |
| Chief Operating Officer | less than a year | no data | no data | |
| General Manager of Strategy & Communications | no data | no data | no data | |
| General Manager of People & Culture | 1.3yrs | no data | no data | |
| Chief Digital Officer | 4.8yrs | no data | no data | |
| Head of Digital Strategy | 1.3yrs | no data | no data |
4.0yrs
Average Tenure
Experienced Management: VRS's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 1.8yrs | AU$583.62k | 0.90% A$ 269.8k | |
| Independent Non-Executive Chairman | 8.5yrs | AU$111.25k | 3.83% A$ 1.2m | |
| Independent Non-Executive Director | 2.8yrs | AU$73.75k | 0.79% A$ 236.0k | |
| Non-Executive Director | 6.1yrs | AU$70.32k | 7.8% A$ 2.3m | |
| Independent Non-Executive Director | 2yrs | AU$70.32k | 0.025% A$ 7.6k |
2.8yrs
Average Tenure
Experienced Board: VRS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.