Constraining fat cats in corporate cathedrals: neo-liberalism, corporate law and unreasonable remuneration of directorsSouthern Cross University Law Review
AbstractConcerns 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.
Orr, JL 2002, '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.
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