constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

governance. In this chapter, we present results of the poll on the managers’ attitudes towards business ethics and corporate … social responsibility in Serbian business environment. We found out that managers are uniformed in the belief that companies … immoral conduct is not justified in business. Nevertheless, most of examined managers see current business environment in …