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Who Should Say on Pay and for the Sake of Whom in a Listed Company?

Who Should Say on Pay and for the Sake of Whom in a Listed Company? Listed companies’ remuneration policies have been associated with bad corporate governance. It has been argued that managerial power is too strong, which leads to imbalance between pay and performance. As a solution, shareholders, possessing a special position in the mainstream theory, are increasingly empowered to say on pay. However, in order for the company to contribute sustainable business, remuneration should be built on companies’ own long-term survival, not shareholder value, and supported with director primacy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png European Company Law Kluwer Law International

Who Should Say on Pay and for the Sake of Whom in a Listed Company?

European Company Law , Volume 12 (6) – Nov 1, 2015

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Publisher
Kluwer Law International
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Copyright © Kluwer Law International
ISSN
1572-4999
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Abstract

Listed companies’ remuneration policies have been associated with bad corporate governance. It has been argued that managerial power is too strong, which leads to imbalance between pay and performance. As a solution, shareholders, possessing a special position in the mainstream theory, are increasingly empowered to say on pay. However, in order for the company to contribute sustainable business, remuneration should be built on companies’ own long-term survival, not shareholder value, and supported with director primacy.

Journal

European Company LawKluwer Law International

Published: Nov 1, 2015

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