Veris Management
Management criteria checks 3/4
Veris' CEO is Michael Shirley, appointed in Oct 2019, has a tenure of 4.92 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$201.23K. The average tenure of the management team and the board of directors is 1.7 years and 3.3 years respectively.
Key information
Michael Shirley
Chief executive officer
AU$485.4k
Total compensation
| CEO salary percentage | 94.7% |
| CEO tenure | 4.9yrs |
| CEO ownership | 0.9% |
| Management average tenure | 1.7yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
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$23m |
Compensation vs Market: Michael's total compensation ($USD335.20K) is about average for companies of similar size in the Australian market ($USD310.05K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
CEO
Michael Shirley
4.9yrs
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 | 4.9yrs | AU$485.40k | 0.90% A$ 201.2k | |
| CFO & Interim Company Secretary | 4.4yrs | AU$386.56k | 0.26% A$ 59.0k | |
| Chief Operating Officer | less than a year | AU$105.70k | no data | |
| General Manager of People & Culture | 1.7yrs | no data | no data | |
| Chief Strategy Officer | less than a year | no data | no data |
1.7yrs
Average Tenure
Experienced Management: VRS's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 2.3yrs | AU$485.40k | 0.90% A$ 201.2k | |
| Independent Non-Executive Chairman | 8.9yrs | AU$115.00k | 3.93% A$ 880.0k | |
| Independent Non-Executive Director | 3.3yrs | AU$70.00k | 0.88% A$ 198.0k | |
| Non-Executive Director | 6.5yrs | AU$70.00k | 7.8% A$ 1.7m | |
| Non-Independent Non-Executive Director | less than a year | no data | no data |
3.3yrs
Average Tenure
Experienced Board: VRS's board of directors are considered experienced (3.3 years average tenure).