Comments on: APRA squibs it on executive pay http://www.crikey.com.au/2009/09/09/apra-squibs-it-on-executive-pay/ now with extra source Sun, 12 Feb 2012 02:14:27 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Max Jensen http://www.crikey.com.au/2009/09/09/apra-squibs-it-on-executive-pay/#comment-36993 Max Jensen Wed, 09 Sep 2009 05:34:51 +0000 http://www.crikey.com.au/2009/09/09/apra-squibs-it-on-executive-pay/#comment-36993 I don't know whether to vote for the "No Guts" party or the "Gutless" Party. I don’t know whether to vote for the “No Guts” party or the “Gutless” Party.

]]> By: Shann Turnbull http://www.crikey.com.au/2009/09/09/apra-squibs-it-on-executive-pay/#comment-36981 Shann Turnbull Wed, 09 Sep 2009 05:01:59 +0000 http://www.crikey.com.au/2009/09/09/apra-squibs-it-on-executive-pay/#comment-36981 Your article provides evidence that APRA has been captured by those it regulates in the same way non-executive directors and remuneration consultants get captured by their CEO's to provide executives with excessive pay. APRA, like the ASX, ASIC and the corporation law are irresponsible in allowing directors of prudential and/or publicly traded firms to obtain absolute power to manage their own conflicts of interest and so absolute power to corrupt themselves and the business. My arguments and solutions were posted by Robert Jackson, Managing Editor, Harvard Law School Corporate Governance Blog, on Thursday November 8, 2007 at 12:45 pm at http://blogs.law.harvard.edu/corpgov/2007/11/ Your article provides evidence that APRA has been captured by those it regulates in the same way non-executive directors and remuneration consultants get captured by their CEO’s to provide executives with excessive pay.

APRA, like the ASX, ASIC and the corporation law are irresponsible in allowing directors of prudential and/or publicly traded firms to obtain absolute power to manage their own conflicts of interest and so absolute power to corrupt themselves and the business. My arguments and solutions were posted by Robert Jackson, Managing Editor, Harvard Law School Corporate Governance Blog, on Thursday November 8, 2007 at 12:45 pm at http://blogs.law.harvard.edu/corpgov/2007/11/

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