Curb polarisation between rich and poor - Brown
Australian Greens Leader Bob Brown said today he will move to strengthen legislation with the aim of limiting chief executives' salaries to 30 times the average pay within their corporation.
"The Greens support moves to give shareholders more say and have no intention of having the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill fail," Senator Brown said in Canberra.
"But our amendment would be a good incentive to the CEO to improve the salary conditions of the workers. It's good all round for the company - good for morale and productivity."
"The quality of talent in executive positions depends on human values as well as other skills. If you're going to run a corporation well then you have to have a humanity that extends to workers and to the community to which you are providing goods and services," Senator Brown said.
"There won't be a flight of talent. In fact, it might winnow out those whose modus operandi is self-interest and greed and retain those who are fair-minded human beings."