Discuss the Main Features of the Recently Reissued Policy Statement

question 4

Essay

Discuss the main features of the recently reissued policy statement on director and executive pay by the Australian Shareholders' Association.

---

Definitions:

Strict Scrutiny

The highest level of judicial review that courts use to evaluate the constitutionality of governmental laws and actions, requiring a law to be necessary to achieve a compelling governmental interest and narrowly tailored to achieve that interest.

Exacting Scrutiny

An extremely thorough and detailed examination or investigation.

Bill of Rights

The Bill of Rights is the first ten amendments to the United States Constitution, guaranteeing fundamental rights and freedoms to American citizens.

Federal Government

The national government of a sovereign state, responsible for the governance of the country as a whole.