Regulation of Executive Pay
12 August 2009
Professor Jennifer Hill argues that the regulation of executive pay is not a one way street.
In an article in today's edition of the Australian Financial Review, Professor Hill says, "Market, and community backlash, has reduced remuneration in the US during the global financial crisis, but in recent times we have seen some of the investment banks starting to perform well again, and it seems that huge bonuses may again become a reality.
"We've also seen a number of US financial institutions that received bail-out funding flee the government regulatory net, once the quid pro quo for that was seen to be greater control by the government and restriction on payment of bonuses."
Contact: Greg Sherington
Phone: +61 2 9351 0202