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I think this law probably does not go far enough and will not amount to much as evident by Packer jnrs comment in the article. Yes we need talented people running large concerns who are prepared to make informed but hard decisions but not at any cost. There should simply be a structured approach in which a base salary is put in place and a series of bonuses large enough to keep people interested and working hard. These bonuses need to be strictly linked to set perfomance targets which have been agreed on by the majority of shareholders. If the value is too low the shareholders will soon learn that they need to be more generous as they will lose money, if the CEO does not perform they will lose money so its win win for the company. As for snipes against shareholders that is complete bollocks. I would agree if only a select group of people had access to them but in this country anyone can buy shares.
Mark
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