Sean O’Hare on UK Compensation Trends

Geoffrey Owen, Tom Kirchmaier () and Jeremy Grant
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Geoffrey Owen: Interdisciplinary Institute of Management, London School of Economics and Political Science
Jeremy Grant: Graduate Institute of International Studies

Chapter 12 in Corporate Governance in the US and Europe, 2006, pp 70-72 from Palgrave Macmillan

Abstract: Abstract While the UK is in general following the compensation trends set in the US, its shareholder approval process of top management compensation is less formal and mechanical. In turn, this allows more firm-specific flexibility. Changes to the UK tax law that considerably lower the ceiling on tax-favoured pension arrangements from April 2006 will have an important impact on the compensation structure of UK executives in the near future.

Keywords: Corporate Governance; Executive Compensation; Pension Plan; Compensation Structure; Institutional Shareholder (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51245-0_12

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DOI: 10.1057/9780230512450_12

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