Executive remuneration is a hot topic worldwide and, in comparison with
the UK and US, the way Australia pays its big bosses is quite
restrained. Proposed new legislation before federal parliament aims to
improve accountability for director and executive remuneration, increase
transparency and eliminate conflicts of interest. But some experts
claim it's "bureaucracy gone mad". Others hope fine-tuning the rules
will make executive pay structures easier to understand and further
empower shareholders. Ultimately, some suggest those most affected are
likely to be remuneration consultants, rather than companies and their
well-rewarded decision-makers.