This study aims to understand the impact of the additional remuneration of the Chief Executive Officer (CEO) over the mean remuneration of the board of directors on firms' financial performance. The objective is to understand if the highest compensation of the CEO is a firm performance driver....

A substantial number of empirical studies on the linear relationship between executive compensation and firm performance for European firms suggest that the pay-performance sensitivity is not significantly positive. We argue that a nonlinear structure fits the data better, because compensation...

'Fat cat' pay / Shaun Tyson -- Shareholders' attitude to directors' pay / Paul Norris -- Accountability, transparency and performance : comparing annual report disclosures on CEO pay across Europe / Sébastien Point -- Director performance standards and rewards in France / Frank Bournois and...