Friday, 30 October 2009



Author: Australia. Productivity Commission

"Proposes reforms that would improve the accountability of boards, remove conflicts of interest and enhance shareholder engagement on remuneration. ... The Commission is proposing a package of changes to the Corporations Act and ASX listing rules, including: barring executives from sitting on remuneration committees; requiring that remuneration consultants report to boards independently of management [and]; prohibiting directors and executives voting their shares and any undirected proxies on remuneration issues." - media release.

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