Concerns expressed as to why some executives of large public companies become rich to such an extraordinary extent, ultimately at the expense of shareholders - directors' remuneration should be constrained to a level that is reasonable given all the circumstances - neo-liberalism is the normative focus of corporate law but the ideology of neo-liberalism fails to address the abuse of the remuneration process - how the norms of corporate law are predominantly informed and constructed in accordance with neo-liberal ideology - a shift in corporate law's normative focus on the fiduciary requirement of good faith and equitable doctrines is suggested as a means of restraining unreasonable remuneration of some company directors.
Journal article
Constraining fat cats in corporate cathedrals: neo-liberalism, corporate law and unreasonable remuneration of directors
Southern Cross University Law Review, Vol.6, pp.204-248
2002
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Abstract
Details
- Title
- Constraining fat cats in corporate cathedrals: neo-liberalism, corporate law and unreasonable remuneration of directors
- Creators
- John L Orr - Southern Cross University
- Publication Details
- Southern Cross University Law Review, Vol.6, pp.204-248
- Identifiers
- 1090; 991012821702102368
- Academic Unit
- Law; School of Law and Justice; Faculty of Business, Law and Arts
- Resource Type
- Journal article