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PC urged to block exec pay loophole

 

Monday, Nov 16,2009, 10:07:21 AM   Click:

The Australian Council of Superannuation Investors and RiskMetrics advocate reforms to ASX listing rule 10.14 such that shareholder approval is required for large companies to issue shares to directors. They want the Productivity Commission to recommend these reforms in its final report on executive remuneration. Downer EDI and QBE are among the firms to have made use of 10.14 recently.

Publication Date: 14 November 2009 

AUSTRALIA.  PRODUCTIVITY COMMISSION
AUSTRALIAN COUNCIL OF SUPERANNUATION INVESTORS INCORPORATED
ASX LIMITED - ASX ASX
RISKMETRICS (AUSTRALIA) PTY LTD
DOWNER EDI LIMITED - ASX DOW
QBE INSURANCE GROUP LIMITED - ASX QBE

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