Executive compensation and the Modern Industrial Revolution

Article Abstract:

Conventional approaches to executive compensation are being contested by socio-economic developments comprising the so-called Modern Industrial Revolution, which include globalization and technological advances. Amid excess capacity, income redistribution and several new means for wealth generation, it has been suggested that conventional pay practices be re-evaluated to consider various modern concepts, including downsizing strategies, value and wealth creation.

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Corporate governance and executive compensation

Article Abstract:

The relationships between director compensation and shareholder returns are investigated using a sample of 213 large UK companies from 1988 to 1993. It was observed that director compensation is positively related to current shareholder returns but not pre-dated returns. Additionally, the presence of a renumeration committee is negatively related to the growth of top director pay, while separating the chairman and CEO roles had little effect on director pay.

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Executive compensation and firm performance in Italy

Article Abstract:

Research is presented concerning the factors which influence the level of executive pay in Italian companies. The pay structures of foreign-owned companies, multinational companies and listed companies are discussed.

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