The bill provides that, in an insolvency case, the court may verify the salaries and compensation of senior management, but also their stock options and social benefits. However, the court must exercise caution in using this provision.
It is not possible to nullify the collective agreements or contracts.
What the court will be able to do is review the executive compensation package to ensure that if there were an attempt to evade the utilization of the appropriate insolvency statute to ensure that there weren't undue payments made in advance of an insolvency, they would be able to review those transactions and potentially either hold directors libel or use other mechanisms at their disposal in the case of an insolvency.