all cases, explicit, non-discretionary ESG incentives are economically insignificant relative to executives’ incentives to … companies, explicit, non-discretionary ESG incentives were incorporated only in annual bonus plans. One sample company – Duke …. While this approach could be seen as a roadmap for those seeking meaningful ESG-based pay incentives, this Article concludes …

obtain other forms of incentives (such as perk consumption or equity incentives), the effect of corporate awards on managers … financial performance based on corporate awards in SOEs are both stronger than in non-SOEs. Moreover, when managers cannot fully …