Australian company directors are subject to duties of disclosure arising from a number of sources. In particular disclosure has been required of directors under general law and statutory duties in the context of conflicts of interest and in presenting proposals to shareholders for approval. A...

This paper proposes to exploit a reform in legal rules of corporate governance to identify contractual incentives from the correlation of executive pay and firm performance. In particular, we refer to a major shift in the legal and institutional environment, the reform of the German joint-stock...