Investigating the Concept of Socially Responsible Executive Pay

Ihar Sahakiants ()
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Ihar Sahakiants: Cologne Business School (CBS)

A chapter in Responsible Corporate Governance, 2017, pp 207-222 from Springer

Abstract: Abstract This book chapter discusses the notion of socially responsible executive pay, by focusing on the link between the compensation of top managers and corporate social responsibility (CSR). Building on the review of the literature dedicated to the analysis of a relationship between pay and CSR-related measures, combined with the results of executive compensation and performance management research, I discuss the applicability of the standard principal-agent theory, in order to examine socially responsible CEO compensation, and possible ways to design respective remuneration schemes. An outline of the international aspects of socially responsible executive pay, related to variations in legal contexts and corporate governance configurations across the globe, is followed by conclusions which summarise the arguments of this book chapter and map out avenues for future research.

Keywords: Corporate Social Responsibility; Corporate Governance; Corporate Social Responsibility Activity; Corporate Social Performance; Executive Compensation (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-55206-4_11

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DOI: 10.1007/978-3-319-55206-4_11

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