This paper sets out the results of interview-based research into the way inwhich executive directors’ remuneration is set in two UK utilities. Although thesubject of executive directors’ remuneration has been widely researched, littlework has addressed the question ‘how is the directors’...

This thesis has adopted a qualitative approach to research into executive remuneration, to look inside the 'black box' of process. Executives, nonexecutives and others involved in the remuneration-setting process were interviewed in order to establish how executive remuneration is determined. In...

This paper reports interview-based research examining reasons for the continued increase in executive directors' remuneration in large UK companies. This issue has not specifically been addressed by previous studies, which have focused on the level of the increases, rather than their underlying...

The establishment of board sub-committees has been strongly recommended as a suitable mechanism for improving corporate governance, by delegating specific tasks from the main board to a smaller group and harnessing the contribution of non-executive directors. In the UK, the Cadbury committee...

We examine how UK listed companies set executive pay, reviewing the implications of following best practice in corporate governance and examining how this can conflict with what shareholders and other stakeholders might perceive as good behaviour. We do this by considering current governance...

This paper sets out the results of interview-based research to determine why companies use performance-related pay. The findings indicate that many companies adopt this structure despite a belief that the money does not motivate executives. Reasons related in part to best practice in human...