Senate debates Bills

Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2018; In Committee


Peter Whish-Wilson

Peter Whish-Wilson Tasmania, Australian Greens

10:51 am

In terms of incentives, if a variable remuneration is deferred for four years—and let's say the variable remuneration, the bonus, is $5 million—what kind of opportunity costs are going to be carried by that particular CEO or executive, Senator Cormann? What is the real penalty of having your remuneration deferred for four years? You still get it four years later. We're not talking about very significant costs. It's hardly an incentive.

Comments

No comments