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Share-based remuneration and termination payments to company directors: what are the rules?

23 Sep 2007
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An analysis of how the provisions of the Corporations Act 2001 (Cth) are intended to operate to control termination payments to company directors, and whether the scheme of the Act can work effectively to regulate the widespread practice of share-based remuneration. The authors argue that most of the value of share-based remuneration is likely to fall outside the scheme of the Act. This would seem to allow companies to make discretionary decisions about executive termination payments that are inconsistent with the intention of the Act.

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2007
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