The global financial crisis has brought to public attention the difficulties associated with executive remuneration in the financial services sector. In many instances the financial firms with unsound remuneration practices were listed companies subject to shareholder scrutiny. Why were...

Misconduct in financial services and behaviour that fails to meet community expectations are not just matters of legality and professional ethics: they concern infringements of peoples' basic human rights. Analysing some 314 cases of misconduct of Australian banks and financial services entities...

Part 2D.2 of the Corporations Act 2001 (Cth) regulates the making of termination payments to company directors, with the aim of limiting or preventing companies from giving golden parachutes. Termination payments are prohibited unless they have shareholder approval, or they fall within...

A review of Pay without performance: the unfulfilled promise of executive compensation by Lucian Bebchuk and Jesse Fried.This article examines the outrage constraint and the related issue of camouflage in practice to suggest that their are limits to the ability of outrage to constrain executive...

Say on pay is an important regulatory innovation in the area of executive remuneration, traditionally dominated by disclosure based approaches. In this paper I present a model of the regulatory framework for say on pay as it operates in Australia and the UK. Based on the concept of regulatory...

Mid-September 2008 saw governments around the world initiating emergency regulatory action to ban short selling. Short selling is a practice that has existed for many years and is regarded as a valuable activity to aid price discovery by the market. If regulatory action by securities regulators...