This paper provides a descriptive analysis of the use of performance targets in executive remuneration plans and its difficulty and attainability relative to past, expected and realized performance. From 31 December 2002, UK firms are required under the Directors’ Remuneration Report...

Executive remuneration is once again a hot topic. The ebb and wake of the popularity of the issue is again evident with the enactment of the Directors’ Remuneration Report Regulations 2002. Welcome though they are, in several important respects, the Regulations still do not go far enough and...

Managers in their terminal years have an incentive to manipulate earnings to enhance earnings based bonuses. We examine this horizon problem by considering the role of the compensation committee in setting terminal-year compensation. We predict that compensation committees are aware of the...

Directors' remuneration has become a contentious issue that many countries (including the UK and Cameroon) are into making laws to regulate it. The UK adopts a rather corrective measure by mainly highlighting the responsibility of the shareholders to curb excessive directors' pay and further...

Several well-known scandals concerning executive remuneration and “bad” governance practices made the academic community understand the true importance of the topic. Consequently, in recent years, also the law-makers stepped in to mitigate firms' failure to adopt practices that are optimal...

This study examines the remuneration of non-executive directors, examining individual monitoring characteristics and director capital in addition to firm characteristics. Using a large sample of FTSE All-Share non-executive directors from 2001-2012, we find that remuneration is positively linked...

Executive compensation is a constant work in progress, influenced by the ebb and flow of corporate and financial crises, political agendas, and academic and popular commentary. Against the background of a flurry of new provisions, this article begins by taking a step back and provides a...

This study examines the effect of directors' pay on insolvency risk in member-owned organisations, such as credit unions. This research uses a unique setting of Australian credit unions, where a significant shift is observed from a traditional volunteer board nature to one that compensates...

Voluntary disclosure in narrative format is generally seen as an important governance mechanism through which an organisation communicates with its stakeholders to provide information, gain legitimacy and demonstrate accountability. This paper investigates the relationship between the existence...

n this paper we examine the agency costs of seemingly excessive pay awards to CEO's within the FTSE 100 in the last decade. Are CEOs taking a large proportion of the total pot (a big "pay slice") more, or less, able to return value to shareholders by better management? In presenting this...