Australia: CAMAC publishes report on remuneration

The Corporations and Markets Advisory Committee has today published its report regarding various aspects of the executive remuneration setting framework and remuneration reporting: see here (pdf). The report endorses the view that the structure and size of remuneration are matters for the boards of companies, with shareholder input being exercised through communication with boards and voting. Recommendations are, however, made with regard to companies' reporting of remuneration but major legislative changes are not proposed.