Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

Thank you to Senator Moore for her question, one that is obviously very relevant. There has been a good deal of media coverage in the last few weeks. It is what is known as the AGM season, so we have seen a number of instances of the issue of executive pay and concerns around executive pay being raised at AGMs. I would emphasise there is absolutely no problem with, in successful businesses, effective executives receiving increased remuneration. Notwithstanding that, faith does need to be kept between executives and their shareholders. We must have strong rules of accountability. Further, keeping faith between businesses, particularly large businesses, and the general public is also important in the context of this debate. Earlier this year, the government introduced significant reforms in relation to—