Pay and Performance at Director Level

Shaun Tyson

Chapter 17 in Handbook of Top Management Teams, 2010, pp 173-182 from Palgrave Macmillan

Abstract: Abstract Director-level pay and performance measurement are of critical importance. The inevitable linkage between pay and performance issues makes this relationship of strategic significance within organisations. This has become of considerable interest to politicians and the public at large since the recession, the causes of which reside in a banking crisis where excessive risks are thought to have been driven by excessive rewards. Since corporate performance may be driven forward by an appropriate reward package, questions about linkage deriving from the separation of ownership from control are central to the way rewards for those at the top are structured and decided.

Keywords: Corporate Governance; Institutional Investor; Agency Theory; Stock Option; Remuneration Committee (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30533-5_18

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DOI: 10.1057/9780230305335_18

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