Seven: The Corporations Act 2001 (Cth), Corporate Governance and Termination Payments to Senior Employees‪.‬

[This article presents an empirical study of the regulation of termination payments found in Part 2D.2 of the Corporations Act 2001 (Cth) and Australian Securities Exchange ('ASX') Listing Rule 10.19, as well as limits endorsed in the Australian Council of Super Investors Inc ('ACSI') Corporate Governance Guidelines. Based on the termination payments contemplated by the executive service contracts of a sample of S&P/ASX 50 managing directors, the empirical results demonstrate the sheer magnitude of the thresholds contained in Part 2D.2 of the Corporations Act 2001 (Cth) and ASX Listing Rule 10.19, and highlight problems with classifying share-based remuneration payments' according to the current Corporations Act 2001 (Cth) ss 200F-200G descriptions. This article also notes the prevalence of contractual or share plan terms that permit share-based payments to be made without reference to the underlying performance conditions.] I INTRODUCTION