Directors' remuneration has always been a controversial topic, in the court of public opinion the verdict seems to be that they are overpaid and this has led to a feeling of injustice. However misplaced this opinion is bearing in mind that most of the public may be guilty of looking at the value...

Executive compensation is said to be for performance and, in liberal market economies, the board of directors along with compensation committees have largely been in charge of safeguarding pay for performance. This executive compensation system is legally protected by the business judgment rule...

In Closer Look, we highlight significant “holes” in our knowledge of corporate governance. These are central issues where insufficient or inadequate study has left us unable to answer basic questions, and where key assumptions relied upon by experts have not been verified or validated. While...