The theory and practice of directors' remuneration new challenges and opportunities / edited by Alexander Kostyuk, Markus Stiglbauer, Dmitriy Govorun.

Other author Kostyuk, Alexander.
Other author Stiglbauer, Markus.
Other author Govorun, Dmitriy.
Format Electronic
EditionFirst edition.
Publication InfoBingley, UK : Emerald Group Publishing Limited, 2016.
Descriptionxxxii, 266 pages ; 24 cm
Supplemental ContentFull text available from Ebook Central - Public Library Complete
Supplemental ContentFull text available from eBooks on EBSCOhost
Subjects
Directors of corporations--Salaries, etc.
Corporate governance.

Contents Machine generated contents note: Section I Theory of Corporate Governance and Directors' Remuneration -- ch. 1 Corporate Governance and Remuneration / Amir Hossein Rahdari -- Introduction -- The Theory of the Firm -- The Theory of Transaction Costs? -- Beyond the Firm and Market Dichotomy -- Incomplete Remuneration Contracts -- Agency Theory -- Adverse Selection -- Moral Hazard -- Different Agency Conflicts -- Management and Collective Production -- Outlook and Conclusion -- References -- ch. 2 Directors' Remuneration and Motivation / John E. Katsos -- Introduction -- Agency Theory and Managerial Compensation -- Base Salary -- Bonus -- Stock Options -- Employee Motivation -- Current Intrinsic Motivator: Takeover Threats -- Well-Balanced Packages -- Conclusion -- References -- ch. 3 Executive Compensation in the 21st Century: Future Directions / Amir Hossein Rahdari -- The 21st Century -- Compensation and Motivation -- Compensation Plans: Pay-Performance Link.
Contents Note continued: Redefining Performance Evaluation in the Age of Sustainability -- Conclusion -- References -- Section II Cross-Industrial Remuneration Practices Analysis -- ch. 4 Financial Companies / Regina W. Schroder -- Introduction -- The Crisis and Its Effects on Remuneration Governance in Financial Institutions -- Elements of the Corporate Governance of Financial Institutions -- Pre- and Post-Crisis Remuneration Governance -- European Initiatives for Enhanced Governance and Remuneration -- Corporate Governance -- Remuneration -- Structuring Variable Bonuses over Time -- Discounting -- Alternative Discounting Functions -- Exponential Discounting -- Hyperbolic Discounting -- Quasi-Hyperbolic Discounting -- Evaluation -- Conclusion and Prospects -- References -- ch. 5 Industrial Companies / Yusuf Mohammed Nulla -- Introduction -- Background -- Literature on CEO Compensation -- Research Design -- Results -- Directors Remuneration Policy.
Contents Note continued: Directors Remuneration Design -- Directors Remuneration Factors -- Board's Role in Directors Remuneration -- Accounting Regulation -- Conclusion -- References -- Section III Cross-Country Remuneration Practices Analysis -- ch. 6 Directors' Remuneration in the United States / Andrew J. Felo -- Introduction -- Remuneration Regulation and Reporting -- Remuneration Design -- Empirical Evidence on Director Remuneration -- The Determinants of Director Remuneration -- Characteristics of Firms Adopting Outside Director Stock-Option Plans -- Director Remuneration and Compensation Committees -- Director Remuneration and Compensation Consultants -- Director Remuneration and Board Independence from CEO -- Summary of Determinants of Director Remuneration -- The Impact of Director Remuneration on the Firm and Its Stakeholders -- Market Reaction to Adding Equity to Director Remuneration Plans -- Director Remuneration and Financial Reporting.
Contents Note continued: Director Remuneration and Dividend Paying -- Director Remuneration and Shareholder Lawsuits -- Director Remuneration and Corporate Social Performance -- Summary of the Impact of Director Remuneration on Stakeholders -- Remuneration Challenges -- References -- ch. 7 Directors' Remuneration in the United Kingdom / Zhen Zhu -- Remuneration Regulation -- The Greenbury Report 1995 -- The Combined Code on Corporate Governance 1998 and Its Subsequent Revisions -- The UK Corporate Governance Code 2010 -- The UK Corporate Governance Code 2012 -- Remuneration Design (Schemes) -- Remuneration Reporting -- Directors' Remuneration Report Regulations 2002 -- The 2012 Directors' Remuneration Reporting Reform -- Remuneration Challenges -- Problems in UK Executive Remuneration -- Challenges for Remuneration Policy -- Acknowledgements -- References -- ch. 8 Directors' Remuneration in Germany / Sven Thalmann -- Remuneration Regulation -- The German Two-Tier System.
Contents Note continued: Remuneration Regulation of the Management Board and Supervisory Board -- Remuneration Design (Schemes) -- Remuneration of the Management Board -- Remuneration of the Supervisory Board -- Remuneration Reporting -- Remuneration Challenges -- References -- ch. 9 Directors' Remuneration in Italy / Marco Artiaco -- Introduction -- Remuneration Regulation -- Listed Companies -- Bank and Banking Holdings -- Government-Owned Unlisted Companies -- Unlisted Companies -- Remuneration Design Schemes -- Remuneration Reporting -- Conclusions -- References -- ch. 10 Directors' Remuneration in Spain / Regino Banegas -- Remuneration Regulation -- Regulation for Listed Companies -- Regulation for Financial Institutions -- Remuneration Design (Schemes) -- The Remuneration Policy for Directors in Spain. A Question Linked to the Board Structure -- Remuneration Systems' Elements in Spanish Companies -- Practice Regarding Remuneration Systems in Spain (2004 -- 2011).
Contents Note continued: Remuneration Reporting -- Remuneration Challenges -- References -- ch. 11 Directors' Remuneration in Ethiopia / Hussein Ahmed Tura -- Introduction -- Profile of Ethiopian Companies -- The Emerging Separation of Ownership and Control in the Ethiopian Share Companies -- Directors' Remuneration in Ethiopian Share Companies -- Remuneration Regulation -- Remuneration Design (Scheme) -- Remuneration Reporting -- Remuneration Challenges -- Participation of Employees Other than Directors on Annual Share in Profits -- Conclusion -- References -- ch. 12 Reviewing Institution's Remuneration Requirements: From European Legislation to German Implementation / Erich Keller -- Introduction -- Prerequisites of an Incentive-Compatible Remuneration System -- Regulative Remuneration Standards of the EU -- The Implementation of Remuneration Regulations in Germany -- Incentive-Compatibility of the European and German Regulation of Remuneration Systems.
Contents Note continued: Conclusion and Perspectives -- References -- ch. 13 The European Approach to Regulation of Director's Remuneration / Patrizia Riva -- Introduction -- Literature Review -- European Approach to the Regulation of Directors' Remuneration -- Recommendation 2004/913/EC -- Remuneration Policy -- Remuneration of Individual Directors -- Share-Based Remuneration -- Recommendation 2005/162/EC -- Additional EU Interventions -- Evidence on the Actual Compliance of the Italian Remuneration Reports to the CG Code -- References.
Bibliography noteIncludes bibliographical references and index.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2018418284
ISBN9781785606830 (pbk)
ISBN1785606832 (pbk)

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