What is Reasonable Remuneration for Corporate Officers? An Empirical Investigation into the Relationship between Pay and Performance in the Largest Australian Companies
affiliation not provided to SSRN
University of Melbourne - Melbourne Law School
Company and Securities Law Journal, Vol. 12, No. 6, 1994
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: 16Accepted Paper Series
Date posted: August 15, 2006 ; Last revised: February 19, 2011
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