This article examines the regulation of directors remuneration in EU, UK and Belgian law. The author argues that there are two categorises of norms for the regulatory framework of directors remuneration: one is market-based, market efficiency norms of agency costs; the other is socio-legal...

In contrast to the recent past, there is now widespread concern about the apparent excesses of some pay structures in corporate businesses. Top pay has risen much faster than average levels of pay in the last twenty years. This is in part the consequence of globalisation and developments in...