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
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: 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
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