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Executive Directors' Remuneration in Comparative Corporate Perspective

Executive Directors' Remuneration in Comparative Corporate Perspective


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About the Book

'Attitude' looms large in any discussion of executive compensation. Yet here is a book that restricts its remit to what can actually be discovered about the corporate and contractual facts, figures, and rationales that determine how much a company director 'earns' in an increasingly complex system of executive remuneration that seems to be taking root worldwide. In a remarkably insightful collection of articles, legal scholars from ten different countries address the state of the art of executive service contracts in twelve different jurisdictions, as diverse as (on the one hand) the European Union, its central Member States and the United States, and (on the other) Iceland and Romania. Their analysis penetrates beyond the often vague regulatory framework to actual survey figures, consultants' reports, and even data from a number of specific firms. Notwithstanding all the efforts of regulators and scholars, concise and accurate information of the content of executive service contracts is still scarce. However, the contributors to this book synthesize what can be brought to light on such aspects of executive compensation, in the countries covered, as the following: - measures of base salary-total 'package' proportion; - long-term incentive and option schemes; - clawback scenarios; - what CEO employment contracts contain; - separation of powers between shareholders and the supervisory board; - disclosure requirements; and - 'unfair and unreasonable' bonuses. In summary, this incomparable book provides the most thorough (diminished only by the subject's pervasive lack of transparency) legal analysis of this extremely topical subject. Not only in its comparative method, but also in its wealth of specific detail on determinants of executive remuneration, it will recommend itself immeasurably to interested policymakers and academics worldwide.

About the Author :
Christoph Van der Elstis professor of Business Law and Economics at Tilburg University (The Netherlands) and at Ghent University (Belgium). He holds both a master in law and a master in economics and has a Ph.D. in economics (Ghent University, Belgium). He is also a research associate of ECGI. He is/was visiting professor at several European Universities. He is a member of the Belgian Bar since 1995. His research interests are corporate governance, (economic analysis of) company law and corporate risk management. His work has been published in academic and professional journals like European Business Organization Law Review, International Review of Law and Economics, European Company and Financial Law Review, Corporate Finance and Capital Market Law Review and European Company Law and with major publishers like Oxford, Cambridge, Edgard Elgar, De Gruyter and Kluwer Law International.


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Product Details
  • ISBN-13: 9789041156204
  • Publisher: Kluwer Law International
  • Publisher Imprint: Kluwer Law International
  • Language: English
  • ISBN-10: 9041156208
  • Publisher Date: 18 Jun 2015
  • Binding: Digital (delivered electronically)
  • No of Pages: 400


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