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Corporate Update

Shareholder’s tighten grip on the purse strings – new rules on executive remuneration commence

By Matthew Pieterse and Charles Cowper of Gadens Lawyers, Sydney

In the wake of the Global Financial Crisis, there have been renewed calls for tightening of corporate governance policies (and purse strings).  In response, the Government recently passed theCorporations Amendment (Improving Accountability on Director and Executive Remuneration) Act 2011, which took effect 1 July 2011.  read more