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Author: Lars Oxelheim Publisher: Emerald Group Publishing ISBN: 0080557384 Category : Business & Economics Languages : en Pages : 441
Book Description
The increasing amounts of money paid out in compensation to corporate executives have become the subject of a heated public policy debate on both sides of the Atlantic. This book covers a wide range of issues, including: corporate law and regulation in the area of corporate governance; and, prosperity and growth effects of compensation contracts.
Author: Lars Oxelheim Publisher: Emerald Group Publishing ISBN: 0080557384 Category : Business & Economics Languages : en Pages : 441
Book Description
The increasing amounts of money paid out in compensation to corporate executives have become the subject of a heated public policy debate on both sides of the Atlantic. This book covers a wide range of issues, including: corporate law and regulation in the area of corporate governance; and, prosperity and growth effects of compensation contracts.
Author: Tito Boeri Publisher: Fondazione Rodolfo Debendetti ISBN: 0199669805 Category : Business & Economics Languages : en Pages : 311
Book Description
The compensation packages of a growing proportion of firms include pay schemes that are linked to employee or company performance, yet little is known about the patterns of performance related pay. This book compares US and European CEOs to investigate the evolution of executive compensation, its controversies, and its resulting regulations.
Author: John S. Beasley Publisher: Edward Elgar Publishing ISBN: 1781005109 Category : Business & Economics Languages : en Pages : 553
Book Description
Research on executive compensation has exploded in recent years, and this volume of specially commissioned essays brings the reader up-to-date on all of the latest developments in the field. Leading corporate governance scholars from a range of countries set out their views on four main areas of executive compensation: the history and theory of executive compensation, the structure of executive pay, corporate governance and executive compensation, and international perspectives on executive pay. The authors analyze the two dominant theoretical approaches – managerial power theory and optimal contracting theory – and examine their impact on executive pay levels and the practices of concentrated and dispersed share ownership in corporations. The effectiveness of government regulation of executive pay and international executive pay practices in Australia, the US, Europe, China, India and Japan are also discussed. A timely study of a controversial topic, the Handbook will be an essential resource for students, scholars and practitioners of law, finance, business and accounting.
Author: Marisa Anne Pagnattaro Publisher: ISBN: Category : Languages : en Pages : 44
Book Description
In the aftermath of an array of economic failures, there is a growing movement to reform executive compensation. Concerned that executive compensation structures reward inappropriate risk taking and create a short-term perspective, the United States and the European Union are taking steps to reform the ways executives are compensated. Part I analyzes governmental and regulatory action in the United States, including SEC disclosure rules and the recent Conference Report of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Part II details new initiatives in the European Union recommending changes to remuneration for directors of listed companies and remuneration in the financial services sector, as well as steps taken in EU Member States to implement specific changes. Inasmuch as the reform initiatives in the U.S. and EU create new responsibilities for shareholder participation in compensation, Part III sets forth considerations for shareholders for understanding 'pay for performance,' including access to accurate information, evaluation of the structure of the compensation incentives to align compensation with a company's strategy and long-term strategy for the creation of value.
Author: Christoph van der Elst Publisher: Aspen Publishers ISBN: 9789041156075 Category : Law Languages : en Pages : 0
Book Description
è^-Attitudeè^-- looms large in any discussion of executive compensation. Yet here is a book that restricts its remit to what can actually be discovered about the corporate and contractual facts, figures, and rationales that determine how much a company director è^-earnsè^-- in an increasingly complex system of executive remuneration that seems to be taking root worldwide. In a remarkably insightful collection of articles, legal scholars from ten different countries address the state of the art of executive service contracts in twelve different jurisdictions, as diverse as (on the one hand) the European Union, its central Member States and the United States, and (on the other) Iceland and Romania. Their analysis penetrates beyond the often vague regulatory framework to actual survey figures, consultantsè^-- reports, and even data from a number of specific firms.
Author: Guido Ferrarini Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This article considers the regulation “on the books” of executive pay across the EU and the evidence “in action” on corporate practice concerning executive pay (based on disclosures by FTSE Eurofirst 300 companies) in relation to the best practice recommendations set out in two key Commission Recommendations from 2004 and 2005. It finds that Member State implementation of the two Recommendations has been patchy and, in particular, that reliance on Corporate Governance Codes has not resulted in the embedding of good practices, particularly with respect to disclosure concerning executive pay, across Europe's largest companies. It argues that if the EU is to succeed in promoting stronger alignment between shareholder and manager interests by means of the executive pay contract, closer attention is needed to remuneration governance and that a mandatory, harmonised disclosure obligation should be introduced. Although the Commission has recently adopted a 2009 Recommendation on executive pay in the corporate sector generally as part of its response to the financial crisis, the article suggests that this attempt to influence the design of executive pay is misconceived and that attention would have been better focused on the enforcement of basic disclosure obligations.
Author: Jennifer Carpenter Publisher: Springer Science & Business Media ISBN: 1475751923 Category : Business & Economics Languages : en Pages : 159
Book Description
Executive compensation has gained widespread public attention in recent years, with the pay of top U.S. executives reaching unprecedented levels compared either with past levels, with the remuneration of top executives in other countries, or with the wages and salaries of typical employees. The extraordinary levels of executive compensation have been achieved at a time when U.S. public companies have realized substantial gains in stock market value. Many have cited this as evidence that U.S. executive compensation works well, rewarding managers who make difficult decisions that lead to higher shareholder values, while others have argued that the overly generous salaries and benefits bear little relation to company performance. Recent conceptual and empirical research permits for the first time a truly rigorous debate on these and related issues, which is the subject of this volume.
Author: Lars Oxelheim
Author: Lars Oxelheim
Author: Patricia Kotnik
Author: Tito Boeri
Author: McKinsey and Company
Author: John S. Beasley
Author: Marisa Anne Pagnattaro
Author: Christoph van der Elst
Author: Michael A. Johnson
Author: Guido Ferrarini
Author: Jennifer Carpenter