Is the Outrage Constraint an Effective Constraint on Executive Remuneration? Evidence from the UK and Preliminary Results from Australia

2007 ◽  
Author(s):  
Kym Maree Sheehan
Keyword(s):  
Preliminary Results ◽  
Executive Remuneration ◽  
The Uk

6. Company Management and Governance

2020 ◽  
pp. 100-120
Author(s):  
Imogen Moore
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Executive Directors ◽  
Corporate Governance Code ◽  
Executive Remuneration ◽  
Questions And Answers ◽  
The Uk ◽  
And Control ◽  
The Relationship

The Concentrate Questions and Answers series offers the best preparation for tackling exam questions and coursework. Each book includes typical questions, suggested answers with commentary, illustrative diagrams, guidance on how to develop your answer, suggestions for further reading, and advice on exams and coursework. This chapter explores important issues in company management and corporate governance, starting by examining the role of directors and shareholders (and the relationship between them) and the separation of ‘ownership and control’. Since the early 1990s, the governance of listed companies has been dominated by self-regulatory codes (currently the UK Corporate Governance Code). This chapter examines how these codes operate and considers key themes in corporate governance, including the role of non-executive directors and auditors; the position of institutional investors; and executive remuneration.

scholarly journals Deep Wide-field Hα Images of the Magellanic Clouds

1999 ◽  
Vol 190 ◽  
pp. 95-96
Author(s):  
D. H. Morgan ◽  
Q. A. Parker ◽  
S. Phillipps
Keyword(s):  
Emission Line ◽  
Magellanic Clouds ◽  
Wide Area ◽  
Wide Field ◽  
Schmidt Telescope ◽  
Preliminary Results ◽  
Fine Grained ◽  
The Uk

A new Hα survey of the Magellanic Clouds which is being carried out on fine-grained Tech-Pan emulsion with the UK 1.2m Schmidt Telescope will have the best combination of depth and resolution of any that cover such a wide area in and around the Magellanic Clouds. Preliminary results show that the films will provide identifications of new emission-line stars and nebulae.

scholarly journals UK governance at the time of the financial crisis: Calls for change

2009 ◽  
Vol 6 (4) ◽  
pp. 568-574
Author(s):  
Suzanne Young ◽  
Vijaya Thyil
Keyword(s):  
Financial Crisis ◽  
Best Practice ◽  
Good Governance ◽  
Qualitative Interviews ◽  
Stakeholder Involvement ◽  
Economic Recession ◽  
Executive Remuneration ◽  
Governance Practices ◽  
Key Factor ◽  
The Uk

The financial crisis in the UK began in late 2008 and the consequential economic recession has brought to the attention of media, commentators, policy makers and academics the importance of corporate governance. This research explores UK governance, what it means, what are its influences and how it is changing at the time of this financial crisis. The researchers conducted a series of qualitative interviews in five UK companies across a spectrum of industries (including institutional investors) in late 2008. Three key propositions were investigated: Proposition 1 is that board characteristics, the importance of which are pronounced by agency theorists are not the only key factor in „best practice‟ governance. Proposition 2 is that shareholders and stakeholder involvement in governance will improve governance practices. Proposition three is that key to understanding governance failures is examining cognition and behaviours inside the black box of decision-making. Propositions two and three were supported by the interviews. The main conclusions are that the importance of good governance in establishing trust again at the time of the financial crisis is key and changes seem to be called for in a number of areas: in enhancing shareholder voice; better disclosure in explaining variations to the application of the principles of the Combined Code, in explaining risks, and in how decisions are made; and ensuring that executive remuneration is more clearly linked to profits, costs of capital and risk and reflects long-term value creation.

scholarly journals The Influence of ‘Say on Pay’ on Excessive Executive Compensation in the UK and the US

2021 ◽  
Vol 14 (4) ◽  
pp. 71
Author(s):  
Zhe Wang ◽  
Yunjie Wu
Keyword(s):  
Executive Compensation ◽  
Corporate Law ◽  
Ongoing Debate ◽  
Income Gap ◽  
Say On Pay ◽  
Executive Remuneration ◽  
The Us ◽  
Core Issue ◽  
The Uk ◽  
And Control

Along with the separation of ownership and control in modern companies, the agency problem between shareholders and managers has become a core issue in corporate law. In recent decades, there was a trend of increasing executive compensation in many countries, which led to shareholders’ dissatisfaction and social concerns about the income gap. Since directors did not effectively solve the problem of excessive executive remuneration, many countries introduced the advisory shareholder vote on the remuneration report (‘Say on Pay’). It is a new mechanism that allows shareholders to vote on executive remuneration. After it was first introduced in the UK, many other countries including the US adopted ‘Say on Pay’ to relieve the problem of excessive executive remuneration. However, there is an ongoing debate about whether ‘Say on Pay’ has a meaningful influence on excessive executive compensation. Some believe that shareholder voting results lead directors to create better executive remuneration plans. Others argue that ‘Say on Pay’ contributes little to solving this problem. It is therefore essential to analyse the effects of ‘Say on Pay’ on solving the excessive executive remuneration problem in the UK and the US. This essay will analyse several arguments related to the influence of ‘Say on Pay’ on excessive executive compensation in order to demonstrate the reasons why ‘Say on Pay’ contributes little to solving the excessive executive remuneration problem in the UK and the US.

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