Super funds oppose big CEO payouts

The powerful lobby group representing large superannuation funds has called on company directors and the corporate regulator to focus on how termination payments are paid to departing chief executives, particularly those who have failed.

The call by the Australian Council of Super Investors follows the release of a research report identifying key shareholder concerns with both the design and size of termination payments (not including leave and superannuation entitlements) received by 41 senior executives of large listed companies since 1999.

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