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Published in:
2015 | OriginalPaper | Chapter
Executive Remuneration
Authors : William Forbes, Lynn Hodgkinson
Published in: Corporate Governance in the United Kingdom: Past, Present and Future
Publisher: Palgrave Macmillan UK
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Concerns over levels and the nature of executive remuneration have been prominent in the press for the last decade. The ability for performance related pay to incentivise management has been questioned and, in particular, its tendency to encourage management to take risks has been considered one of the major causes of the financial crisis. This chapter examines recent research concerning these issues. The impact of recent legislation giving shareholders a binding vote on remuneration policy will be a fruitful area for research in the future.