Mathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

What you've just referred to—that is, a vote by shareholders—is precisely the way this is meant to work. The owners of the business delegate certain authorities to the board of the business. The board of any business is responsible, among other things, for the remuneration of their employees. In that context, of course, the board is accountable to shareholders, and that is precisely the way these processes are meant to work. It is not up to the government to determine what the appropriate remuneration arrangements are for employees of these companies in the circumstances that you describe.