Proposed Corporations Act changes

Proposed amendments to the Corporations Act 2001 (Cth) could see numerous changes to the rules surrounding executive remuneration in Australia, directly affecting the boards and directors of publicly-listed companies.

The Federal Government has introduced the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011 into the House of Representatives.

If passed, the Bill will amend the Corporations Act 2001 (Cth) to give effect to recommendations made in the Productivity Commission's inquiry report into executive remuneration in Australia.

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