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executive pay


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'executive pay' can also refer to...

executive pay

executive pay

Managerial Power and Executive Pay

The Growth of Executive Pay

Executive pay and shareholder litigation

Executive Remuneration and Employee Performance-Related Pay A Transatlantic Perspective

Introduction to the Symposium on Executive Pay

When Less Is More: The Benefits of Limits on Executive Pay

Executive Pay and Risk-taking in the European Banking Industry

Board structure and executive pay: evidence from the UK

Executive pay at ailing banks and beyond: a European perspective

Explaining Pay Disparities between Top Executives and Nonexecutive Employees: A Relative Bargaining Power Approach

Heads I win, tails you lose? A career analysis of executive pay and corporate performance

MINTON, Kenneth Joseph (born 1937), Executive Chairman, 4 Imprint plc, 2004–10; Director: Solvay SA, 1996–2006; Pay Point plc, 2004–08

Johnston, George Lawson (1873 - 1943), JP; Lord Lieutenant of Bedfordshire since 1936; High Sheriff of Bedfordshire, 1924; Member of the Post Office Advisory Council since 1922; Member of Council London Chamber of Commerce; an Hon. Secretary King Edward’s Hospital Fund for London; Chairman Revenue Committee King Edward’s Hospital Fund for London and Member of Committee since 1901; Hon. Secretary, Thankoffering for the King’s Recovery, 1929; Hon. Treasurer Royal Northern Hospital, 1909–23; Chairman, Ministry of Information’s Advisory Committee on the Appointment of Advertising Agents; Chairman, Executive Committee Hospitals of London Combined Appeal, 1922; Chairman, British Charities Association; Treasurer County of London Red Cross; Chairman of British National Committee of the International Chamber of Commerce; Chairman, Committee on Nutrition, Ministry of Health; Chairman of Oakley Hunt Committee; Director of Daily Express from its foundation till 1917; Chairman Bovril, Ltd; Director Australian Mercantile, Land and Finance, Ltd; Lloyds Bank; Vice-Chairman Ashanti Goldfields Corporation; Vice-President British and Foreign Bible Society; moved the Hospital Payment Amendment to Third Party Risks section of Traffic Act, House of Lords, Dec. 1929 and 1933; introduced Voluntary Hospitals (Paying Patients) Bill, 1935; also reintroduced when it became law, 1936

 

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The special arrangements that exist in private companies for managing the pay of executive directors. Executive pay typically consists of four main elements: basic pay, an incentive bonus scheme, a share option scheme, and an executive benefit package, the most distinctive element of which is a non-contributory pension. Particularly significant are the bonus and share option elements, which are designed to overcome a potential principal-agent problem and ensure directors act in accordance with the interests of shareholders. Bonus schemes may be short or long term, though long-term incentives (LTIs) have become popular as a means of retaining executives and ensuring the effective long-term management of company assets. Pre-tax profit, earnings per share, and other financial indices are the performance measures that are most frequently used within executive bonus schemes. Executives also frequently receive share options, the right to buy a block of shares on some future date at the share price when the option was granted. Executive pay has been a controversial subject in recent years as a result of the rapid growth of executive earnings, research findings that indicate limited connection between earnings and business performance, and the growth of income inequality. The differential that executives enjoy over other employees in the enterprise has grown enormously since the 1970s. In the UK, the result has been a series of inquiries, including the reports of the Cadbury and Greenbury committees in the 1990s. These recommended greater transparency and disclosure of executive pay and the use of remuneration committees, composed of non-executive directors, to determine the pay package. [See fat cat.]

Subjects: Human Resource Management.


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