Regulation of the Determination of Executive Remuneration, UK. Challenges in Regulating Executive Remuneration

      Аннотация: Executive remuneration is a prominent issue of corporate governance in the UK. Executive pay packages are regarded as excessive with no apparent link to company performance. This book examines the regulation of the determination of executive remuneration, especially in quoted companies. The book consider the regulation of the determination of executive remuneration as an important foundation that can potentially link executive pay to company performance. The book considers the principles of UK Corporate Governance Code on the determination of executive pay, and the Companies Act 2006’s provisions on executive remuneration. The book brings out the fact that the UK Corporate Governance Code does not make recommendations on specific performance measures that companies should use to determine company performance. To investigate the link between pay and performance and the effect different performance measures have on the pay for performance link, the book documents the findings from empirical studies on 25 companies from five different sectors from 2010 FTSE 100 companies.

Ключевые слова: corporate governance, directors, Director's Remuneration, Shareholder voting