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The lack of diversity across gender and race of corporate boards has been one of the most significant issues in corporate board governance in recent years. Given the critical role that shareholders have in approving director appointments, we analyze voting patterns in director elections to...
Persistent link: https://www.econbiz.de/10012504210
. When considering only the overall board members' compensation, the hypothesis of lower remuneration in case of low …
Persistent link: https://www.econbiz.de/10011539853
We simultaneously analyze two mechanisms of the managerial labor market (CEO turnover and remuneration schemes) in two … to CEO remuneration, we sketch a nuanced picture as we find some evidence supporting the alignment of interests … hypothesis, but also supporting the managerial power or skimming model for managerial remuneration practices in the UK prior to …
Persistent link: https://www.econbiz.de/10013135217
remuneration is decreased if shareholder support for compensation schemes is low in say on pay-votes finds only weak support, if … analytical approach for say on pay-regimes. Any evaluation of a shareholder voice-strategy in regulating executive remuneration … has to pay close attention to the limits contract law stipulates for the adaptation of existing remuneration agreements …
Persistent link: https://www.econbiz.de/10012061896
Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of awards at the time they are granted. The problem with these numbers is that they are static and do not...
Persistent link: https://www.econbiz.de/10011870307
This article sets out the case for repealing the $1 million tax cap on executive pay. The cap is easily avoided and, when not avoided, widely ignored. Since enactment in 1993, the cap has had little effect in reducing executive pay or in linking pay to performance. Even worse, the cap increases...
Persistent link: https://www.econbiz.de/10012965067
Despite the global reach of their commercial activities, many multinational firms have proved slow in internationalizing their boards of directors. Based on a panel study of the internationalization of the boards of 347 non-financial firms from the Nordic countries, we find a higher fraction of...
Persistent link: https://www.econbiz.de/10009737665
Building on a unique panel data set of German Prime Standard companies for the period 2005-2008, this paper investigates the influencing factors of both director compensation levels and structure, i.e. the probability of performance-based compensation. Drawing on agency theory arguments and...
Persistent link: https://www.econbiz.de/10008660025
Remuneration consultants are an integral part of the process of determining executive pay in large listed companies …
Persistent link: https://www.econbiz.de/10013128348
I explore whether directors who resign in dissent from their board are rewarded in the labor market for directors. Using a hand collected sample of 278 boardroom disputes reported in 8-K filings during 1995-2006, I show that firms which have disputes are small, highly levered, have poor...
Persistent link: https://www.econbiz.de/10013133018