This study extends prior research on the role of compensation consultant in the design of executive remuneration and investigates firms' choices of performance targets in executive compensation. Using unique hand-collected data on 257 London Stock Exchange listed firms from FTSE 350 and Small...

We investigate if CEO power influences a firm's decision to change its compensation system in response to regulatory and public pressure. In particular, we assess if CEO power influences the choice of performance measures as a form of camouflage to minimize the impact of these reforms on their...

This paper assesses whether reducing ‘readability' is an effective obfuscation strategy for influencing the level of shareholder say-on-pay voting dissent in firms with excessive CEO pay. Based on a sample of UK-listed firms, our results indicate that in cases of excessive CEO pay, a less...