Employee share ownership (ESO) has been the subject of significant public policy debate. In these debates, ESO plans are usually said to be implemented for a variety of reasons including alignment of employer and employee interests, increased employee productivity, improved workplace harmony,...

Trade unions in a number of countries have recently begun to use corporate law to pursue employee interests. They are putting forward resolutions to be voted on at company annual general meetings (AGMs); lobbing for proxy votes through the distribution of statements in support of union sponsored...

Employee share ownership (quot;ESOquot;) schemes have recently been the subject of public policy interest in Australia. Employees owning shares in the company for which they work potentially has a number of ramifications, not least of which is the prospect that these schemes might circumvent the...

The Task Force on Rebuilding Public Confidence in Financial Reporting was commissioned by the International Federation of Accountants (IFAC) to look at ways of restoring the credibility of financial reporting and corporate disclosure from an international perspective. It is this international...

In an article published in 1999, Gilligan, Bird and Ramsay presented the results of a detailed research project in which they noted that during the six years of operation of civil penalties in Australian corporate law, the Australian Securities and Investments Commission (ASIC) had brought only...

Most Australians' understanding of court proceedings and the legal system is derived from television - but, more often than not, this information is from American dramas or documentaries and is not necessarily applicable to Australia. Few Australian judges have allowed cameras into their courts,...

Do changes in the legal and regulatory environment of a country affect companies' financing/investment decisions? In this paper, we address this question by examining the market's reaction to announcements of share buybacks in Australia. Before 1989, Australian companies were prohibited from...