This article examines the effect of anti-takeover provisions on executive excess compensation and find a positive association. Five further findings are as follows. First, among specific provisions, the anti-takeover provisions mainly used to delay the takeover process have a stronger effect on...

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...