What is Reasonable Remuneration for Corporate Officers? An Empirical Investigation into the Relationship between Pay and Performance in the Largest Australian Companies

Abstract:     
Executive remuneration is a topical subject. It is important because of the introduction into the corporations legislation of the concept of corporate officers being paid reasonable remuneration. The authors examine a series of court judgments both in Australia and in overseas jurisdictions which have dealt with the question of what constitutes reasonable remuneration. The authors also present the results of an empirical investigation into the relationship between remuneration and performance in the largest Australian companies.

Number of Pages in PDF File: 16

Accepted Paper Series