Thus the Australian Government policy goals mainly depend on the remuneration practice, especially the engagement and voting activities of the companies. However this research proposal would demonstrate the shareholders' interest on developing an effective executive remuneration regime for directors and executives and identify an effective remuneration regime in Australia which is needed for development and transparency of the remuneration process and practice in a causal contingency framework of convergence/divergence.
Theoretical and conceptual frameworks on executive remuneration for directors of Australian companies and executives have been developed over the years to support efficiency hypothesis which invariably borders on the need to increase value of the firm in conformance with critical success factors. According to Chartered Secretaries Australia (CSA), directors and executive remuneration levels and structure have often been influenced by the existence of a variety of factors like community and political concerns, rules and regulations, code of practice and guidelines, market exchange rules and accounting standards. ...Show more