Corporate Culture and the Problem of Executive Compensation

CFA Digest ◽  
2006 ◽  
Vol 36 (2) ◽  
pp. 98-99
Author(s):  
Stephen M. Horan
Keyword(s):  
Executive Compensation ◽  
Corporate Culture

Corporate Governance and Culture in Banking

2019 ◽  
pp. 130-152 ◽  
Author(s):  
Jens Hagendorff
Keyword(s):  
Corporate Governance ◽  
Executive Compensation ◽  
Corporate Culture ◽  
Balance Sheet ◽  
Shareholder Wealth ◽  
Agency Conflicts ◽  
Executive Pay ◽  
Financial Firms ◽  
The Board Of Directors ◽  
Governance Arrangements

Banks differ from non-financial firms. These differences affect the manner of agency conflicts between the various bank stakeholder groups compared with non-financial firms. However, the main corporate governance arrangements used in the banking industry to mitigate these agency conflicts are largely similar to those of non-financial firms. A case in point is executive compensation. No other major industry has less equity on the balance sheet than banking. However, executive pay in banking is linked to shareholder wealth just as in other industries thus exacerbating existing incentives for bank managers to shift risk. Further, the governance arrangements in banking make the corporate culture prevailing in banks an important subject to study. This chapter reviews the literature on corporate governance in banking with a focus on those aspects of corporate governance in which banks (should) differ from non-financial firms, that is, executive compensation, the composition of the board of directors, and culture in banks. The chapter encourages a more profound rethink of the corporate governance of banks.

Ethics and Leadership: Shaping Your Corporate Culture

2005 ◽  
Author(s):  
Jack Wiley ◽  
Ron James
Keyword(s):  
Corporate Culture

An Understanding of TATA-JLR deal with the concepts of Downsizing, Corporate Culture and Leveraged Buyout

2011 ◽  
Vol 2 (3) ◽  
pp. 101-103
Author(s):  
Bhavika S Batra ◽  
◽  
Dharmendra B Khairajani
Keyword(s):  
Corporate Culture ◽  
Leveraged Buyout
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