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| Author: | Thompson, S. |
| Title: | The impact of corporate governance reforms on the remuneration of executives in the UK |
| Journal: | Corporate governance
2005 : JAN, VOL 13:1, p. 19-25 |
| Index terms: | Corporate governance Change Executives Pay United Kingdom |
| Language: | eng |
| Abstract: | Corporate governance reforms have been motivated to a considerable degree by concerns about the possible malfunctioning of the executive (hereafter as: exec./execs.) remuneration (pay) determination process in large firms. This paper reviews some initial evidence and suggests that a mixed picture emerges. It appears that reforms have been more successful in reducing exec. tenure - and hence pay-offs in the event of failure - than they have been in linking rewards to performance for continuing execs. It is clear, however, that reforms have facilitated the role for institutional shareholders in approving remuneration packages. |
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