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Executive Remuneration Developments in Australia: Responses and Reactions

Published online by Cambridge University Press:  01 January 2023

Savo Kovačević
Savo Kovačević*
Affiliation:
Department of Management, La Trobe University, Melbourne, Australia
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Abstract

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Rewards for Australian executives continue to stir debate. A recent Australian government response to pay concerns was to call on the Productivity Commission (PC) to investigate the oversight, accountability and transparency of remuneration practices. At least two PC-related outcomes were controversial: the ‘two strikes’ and ‘clawback’ proposals. This article considers the reactions of two key stakeholders, namely the Australian Institute of Company Directors and the Business Council of Australia. The views of these two organisations reflect an ongoing evaluation of rules- and principles-based governance structures. Asserting the need to consider alternate analytical models when studying executive pay, the present article concludes with several questions about the intent(s) driving remuneration reforms and their possible consequences.

Keywords

J3Accountability of remuneration practicesexecutive remunerationgovernance structuresremuneration reforms
Type
Symposium
Information
The Economic and Labour Relations Review , Volume 23 , Issue 2: Sport Economics , June 2012 , pp. 99 - 115
Copyright
Copyright © The Author(s) 2012

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