Publications
Top management compensation
You need an approach that will maximize Shareholder Value
Research indicates that large UK companies have been drawn unwittingly into a vicious spiral of inappropriate top management compensation policies. Once stuck in this spiral, boards of companies, and their compensation committees, are finding it difficult to get free. Not only do they see no alternative, but worse, traditional specialists in this area appear to have no bedrock philosophy that will lead them to construct a scheme from first principles that will be seen as fair, non-greedy, and responsible.
The author believes that the philosophy of Managing for Shareholder Value provides a way out of the vicious spiral. Yet few top management compensation schemes in the United Kingdom have a direct link to Managing for Shareholder Value. The author provides strong evidence that such an approach works, and that it is demonstrably fair and responsible.
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