The Ombudsman: Is the Evidence Sufficient to Take Action on Executive Pay? Reply to Commentators
J. Armstrong and
Philippe Jacquart ()
Interfaces, 2013, vol. 43, issue 6, 602-604
Abstract:
The experimental evidence in this collection of papers is sufficient for organizations to take action—at least with respect to investigating or testing alternative pay schemes. Some organizations have already implemented a number of these procedures. The failure of an organization’s directors to follow evidence-based procedures for executive pay might be used as a basis for legal action by shareholders when results are detrimental to a firm.
Keywords: corporate governance; executive compensation; incentives; Mondragon; say on pay (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:43:y:2013:i:6:p:602-604
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