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
