In the aftermath of the 2007-2008 financial crisis, flawed variable pay structures of executives were blamed by many for contributing to the build-up of the global financial turmoil, as they allegedly incentivized them to engage in excessive risk-taking. Legislators around the globe decided to...

The persistent outrage over CEO pay expressed by politicians, the press, media, labor unions, and the general public (but not shareholders) have prompted the imposition of a wide range of disclosure requirements, tax policies, accounting rules, governance reforms, direct legislation, and other...

As a result of the most recent global financial crisis, regulators in a number of countries have rethought the rules on executive compensation. However, not every country acted in a similar manner and examining new regulations promulgated by nations in different hemispheres illustrates broader...

This paper considers the effects of the 1993 legislation limiting the deductibility of non-performance-based executive compensation for corporate income tax purposes. We begin by describing the specific provisions of the legislation, and we discuss its possible effects on overall compensation...

Executive remuneration is once again a hot topic. The ebb and wake of the popularity of the issue is again evident with the enactment of the Directors’ Remuneration Report Regulations 2002. Welcome though they are, in several important respects, the Regulations still do not go far enough and...