Convergence in CEO pay occurs when pay differentials narrow over time. We analyze and compare differences in the rate of convergence in CEO pay of Australian listed firms with high shareholding concentration (HSC) and without, for the period 1992 to 2009. We find zero and negative...

Executive compensation is one of the most serious corporate governance issues. The problem with executive compensation is the colossal level of compensation being paid to executives and the way the compensation is being determined. This paper examines whether the personal characteristics of the...