Remuneration Packages: Are New Rules for Executives Really Necessary?

Executive remuneration is a hot topic worldwide and, in comparison with the UK and US, the way Australia pays its big bosses is quite restrained. Proposed new legislation before federal parliament aims to improve accountability for director and executive remuneration, increase transparency and eliminate conflicts of interest. But some experts claim it's "bureaucracy gone mad". Others hope fine-tuning the rules will make executive pay structures easier to understand and further empower shareholders. Ultimately, some suggest those most affected are likely to be remuneration consultants, rather than companies and their well-rewarded decision-makers.