Based on what you have learned in Lesson $8,$ and discussions in contemporary literature, what is the primary purpose of executive remuneration packages in modern organisations?

Select one:

To minimise tax liabilities for organisations. Executive remuneration packages are tailored to minimise corporate tax obligations by redistributing profits through executive benefits.

To attract, retain and motivate top talent. Executive remuneration packages aim to attract high$-$caliber executives, retain their services, and motivate them to achieve organisational goals.

To eliminate financial risks for executives, Executive remuneration packages are structured to shield executives from financial risks related to market fluctuations.

To ensure equal distribution of wealth. Executive remuneration packages are designed to promote income equality within the organisation.