Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009 [Provisions]

7 September 2009

© Commonwealth of Australia 2009
ISBN 978-1-74229-144-4

View the report as a single document - (PDF 466KB)

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View the report as separate downloadable parts:

Membership of Committee	(PDF 42KB)
Chapter 1 - Introduction	(PDF 35KB)
Background and conduct of the inquiry Provisions of the bill
Chapter 2 - Termination Payments	(PDF 73KB)
What problem is the bill trying to fix?
Chapter 3 - Consideration of the bill	(PDF 149KB)
Timing of the bill Giving shareholders a greater say The 12 month threshold Pro-rata limit for service less than 12 months Global competition for talent Increased base salaries or 'golden hellos' A new 'floor' What is included in 'termination benefit'? Contract Disputes 'Total remuneration' versus 'base salary' Key management personnel Subsidiaries and unlisted companies Compliance cost Cause of Termination Technical Matters
Coalition Senators’ Additional Comments	(PDF 36KB)
Introduction Strong corporate governance in Australia Adverse effects/unintended consequences Unresolved issues Conclusions
Additional Comments by Senator Cameron	(PDF 94KB)
Wider issues concerning executive pay The growth trajectory of executive pay Income inequality and social inequality The role of remuneration consultants, comparative wage justice and pattern bargaining Executives effectively set their own pay Conclusions and recommendations
Minority Report by Senator Xenophon	(PDF 40KB)
Introduction Background Consideration of executive performance and payouts Poor performance Methods by which payouts are accessed Conclusion
APPENDIX 1 - Submissions Received	(PDF 12KB)
Additional Information Received
APPENDIX 2 - Public Hearing and Witnesses	(PDF 11KB)

For further information, contact:

Committee Secretary
Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone:	+61 2 6277 3540
Fax:	+61 2 6277 5719
Email:	economics.sen@aph.gov.au