Treasury writes corporate laws to sate the board and executive wishes, not to protect the interests of the majority of retail shareholders in a company.
It has become a circle jerk, the ones who determine their rewards, in some cases have to meet similar criteria for their own rewards!
U will find many public companies in the T20 having having interest in other public companies.
Would u endanger a reward system that basically guarantees an upward trend in ur remuneration?
U need to perform badly for ur mates to turn against u,…
Not only can they basically write their own cheques, the system allows a rare dictator shareholder to determine what is best for the majority of shareholders
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Unprecedented voter distrust of morally blind corporate Australia, page-41
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