New story from The Austrialian Business publsihed by Mortimer Goth July 30, 2009
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Executive pay law unfair, say BHP, Rio
Last month, the government introduced legislation that will require corporates to gain shareholder approval for termination payouts of more than one year's base pay.
The current regulations allow payments of up to seven times base pay without a shareholder vote. More: http://tinyurl.com/compensation44
