Add to ORKGhttp://papers.ssrn.com/sol3/papers.cfm?abstract_id=1412880Working paperIn the United Kingdom, a recently adopted regulation provides shareholders the opportunity to cast non-binding (advisory) votes on firms' compensation reports during annual meetings (i.e., ‘Say-on-Pay'). This study examines how the regulation affected the behavior of shareholders and boards. I find evidence that shareholders use the vote to convey their dissatisfaction with excessive executive compensation practices. In addition, I find evidence that boards respond to shareholders' dissatisfaction by: (1) reducing the excessiveness of CEO compensation for firms whose CEOs have above average excess compensation; or (2) forcing the CEO out of office. These findings provide...
Typically, shareholders are not sure whether boards act in their interest or have been captured by m...
Recent corporate scandals and subsequent regulatory actions have heightened both the academic commun...
This research has implications for CEOs and board members. The findings suggest that voting results ...
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1412880Working paperIn the United Kingdom, a rece...
In this study, we examine the effect on CEO pay of new legislation introduced in the United Kingdom ...
The debate surrounding the Say-on-Pay regulatory policies introduced in the UK in 2002 has been plag...
The Dodd-Frank Act of 2010 mandated a number of regulatory reforms including a requirement that larg...
The Dodd-Frank Act of 2010 mandated a number of regulatory reforms including a requirement that larg...
This research addresses two fundamental issues: first the strategic impact of shareholders votes on ...
Typically, shareholders are not sure whether boards act in their interest or have been captured by m...
The debate surrounding the Say-on-Pay regulatory policies introduced in the UK in 2002 has been plag...
Typically, shareholders are not sure whether boards act in their interest or have been captured by m...
This paper investigates shareholder voting in the UK. The Directors’ Remuneration Report (DRR) Regul...
They disregard a wealth of information, write Carsten Gerner-Beuerle and Tom Kirchmaie
With recent legislation mandating that publicly traded corporations submit their CEOs ’ compensation...
Typically, shareholders are not sure whether boards act in their interest or have been captured by m...
Recent corporate scandals and subsequent regulatory actions have heightened both the academic commun...
This research has implications for CEOs and board members. The findings suggest that voting results ...
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1412880Working paperIn the United Kingdom, a rece...
In this study, we examine the effect on CEO pay of new legislation introduced in the United Kingdom ...
The debate surrounding the Say-on-Pay regulatory policies introduced in the UK in 2002 has been plag...
The Dodd-Frank Act of 2010 mandated a number of regulatory reforms including a requirement that larg...
The Dodd-Frank Act of 2010 mandated a number of regulatory reforms including a requirement that larg...
This research addresses two fundamental issues: first the strategic impact of shareholders votes on ...
Typically, shareholders are not sure whether boards act in their interest or have been captured by m...
The debate surrounding the Say-on-Pay regulatory policies introduced in the UK in 2002 has been plag...
Typically, shareholders are not sure whether boards act in their interest or have been captured by m...
This paper investigates shareholder voting in the UK. The Directors’ Remuneration Report (DRR) Regul...
They disregard a wealth of information, write Carsten Gerner-Beuerle and Tom Kirchmaie
With recent legislation mandating that publicly traded corporations submit their CEOs ’ compensation...
Typically, shareholders are not sure whether boards act in their interest or have been captured by m...
Recent corporate scandals and subsequent regulatory actions have heightened both the academic commun...
This research has implications for CEOs and board members. The findings suggest that voting results ...