Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...

This thesis will consider the question of whether Australian law has kept pace with CEO incentive pay developments in a way that is consistent with the economic rationale behind them. This thesis will be divided into four sections:One – The thesis will survey CEO incentive pay and explain how...