Top financial executives may soon have to wait seven years to claim all their bonuses, as the banking, insurance and superannuation regulator moves to align pay with long-term performance.
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Under "far reaching" proposals from the Australian Prudential Regulation Authority, lucrative bonuses would be deferred with company boards handed the power to claw back incentives up to four years after they are paid out.
In a rare broadcast interview, APRA deputy chair John Lonsdale speaks with ABC's Peter Ryan
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