The report responds to a request from the Government for advice on the possibility of reducing the complexity of executive remuneration reports and revising the remuneration setting framework to simplify the incentive components of these arrangements. The Corporations and Markets Advisory Committee has made specific suggestions to improve executive remuneration reporting, including to: (i) require companies to give a general description of their remuneration governance framework; (ii) permit companies to withhold commercially sensitive information concerning a performance condition, provided that they disclose that fact and set out a general description of the omitted information; (iii) remove the requirement to use accounting standards methodology in remuneration reports; (iv) require the disclosure of all termination payments, identifying entitlement payments, severance payments and post‑severance arrangements; and (v) require disclosure, for each executive, of crystallized past pay, present pay and future pay.