Showing 1 - 10 of 1,176
Clawbacks are contractual provisions in executive compensation contracts that allow for an ex post recoupment of variable pay if certain triggering conditions are met. As a result of regulatory responses to financial crises and corporate scandals as well as of growing shareholder pressure to...
Persistent link: https://www.econbiz.de/10012833330
Since years, incentives for the management have become a standard upon acquisitions of companies by Private Equity Investors - so-called Buy-Outs. However, until this date there are no empirical studies available on the arrangements of management participations and potential conflicts of...
Persistent link: https://www.econbiz.de/10008990429
The financial crisis has placed executive pay at center stage in the corporate governance reform debate in the United States and around the world. We consider whether a judge-made solution to the problem will support the regulatory reform effort to reduce or eliminate excessive compensation. In...
Persistent link: https://www.econbiz.de/10013038618
Over the last ten years, performance-based equity pay, and particularly performance shares, have displaced stock options as the primary instrument for compensating executives of large, public companies in the U.S. This article examines that transformation, analyzing the structure and incentive...
Persistent link: https://www.econbiz.de/10013016935
The debate about the compensation of executives and directors is a discussion about incentives and agency costs. This article analyzes basic tools to reduce agency costs and also assesses the ongoing debate about the future regulation of the compensation of executives and directors. It draws...
Persistent link: https://www.econbiz.de/10014180330
Is it lawful for a professional sports league to punish an executive of a team when that executive isn’t employed by the league and, unlike a player, isn’t a member of a union that collectively bargains with the league? The answer to this question has long been presumed as “yes,” despite...
Persistent link: https://www.econbiz.de/10013296697
The primacy of the principal-agent model of corporate governance is largely undisputed in the existing law and economics literature. Contrary to the prevailing opinion, this Article contends that the bilateral agency paradigm fails to accurately describe the incentive problems arising in the...
Persistent link: https://www.econbiz.de/10013094987
As attention moves rapidly towards comparative approaches, the research and teaching of company law has somehow lagged behind. The overall purpose of this book is therefore to fill a gap in the literature by identifying whether conceptual differences between countries exist. Rather than...
Persistent link: https://www.econbiz.de/10013086789
Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) on July 21, 2010, which became effective for shareholder meetings held on, or after January 21, 2011. The Dodd-Frank Act requires U.S. public companies to conduct an initial advisory, non-binding vote...
Persistent link: https://www.econbiz.de/10013111551
Under Title II of the JOBS Act, commonly known as Accredited Investor Crowdfunding, technology company executives can … publicly solicit potential investors. The major change in the new way of crowdfunding capital from the traditional venture …, there is a critical nexus of financial and legal issues for the CEO between crowdfunding and estate settlement that the …
Persistent link: https://www.econbiz.de/10013062523