Macquarie Bankers are famously tough. They will sue, threaten, cajole, argue and buy there way to victory no matter what it takes. However, in corporate governance terms, the millionaires factory blinked in a major way yesterday when a new bonus structure was unveiled, writes Stephen Mayne.
Remuneration committee
Non-executive director fees: what is reasonable?
Telstra’s remuneration committee chairman, Charles Macek, claims that several factors make the recent increases in non-executive director fees reasonable. The only problem with Macek’s reasoning is that it bears little resemblance to reality, writes Adam Schwab.
