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

Company and Securities Law Journal, Vol. 12, No. 6, 1994

16 Pages Posted: 15 Aug 2006 Last revised: 19 Feb 2011

See all articles by Thomas Harris

Thomas Harris

affiliation not provided to SSRN

Ian Ramsay

Melbourne Law School - University of Melbourne

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.

Suggested Citation

Harris, Thomas and Ramsay, Ian, What is Reasonable Remuneration for Corporate Officers? An Empirical Investigation into the Relationship between Pay and Performance in the Largest Australian Companies. Company and Securities Law Journal, Vol. 12, No. 6, 1994, Available at SSRN: https://ssrn.com/abstract=924326

Thomas Harris

affiliation not provided to SSRN ( email )

No Address Available

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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