Vaishnavi Ravishankar (@vaishnavi_rr), Research Manager, PRI skriver på en blog, at:
“Executive remuneration remains a contentious issue across different markets; however, there is one point where there is widespread consensus: it needs a rethink. Over the years, concerns around pay levels, structure, disclosure and oversight have been shared and debated widely. Within academic literature, CEO pay has been relatively well-explored, and public and regulatory interest on this topic is far from waning.
There is also significant interest around executive pay in the investment community. Our signatory survey last year found that 40% of asset owners consider executive pay a priority topic. However, the recent BEIS report on executive rewards finds there is more to be desired from investors and states “that primary responsibility for changing the environment on executive pay rests with asset owners”. Regulations such as the Investor Disclosure File also introduce a greater onus on financial market participants on remuneration.
The PRI will be initiating a project on executive pay and commission academic research on the topic. To scope out this programme, we brought together investors and academics in London and Boston to share their insights. We had academic presentations from well-renowned experts: Prof. Alex Edmans, London Business School; Prof. Caroline Flammer, Boston University; Prof. Espen Eckbo, Dartmouth College, and Prof. Jesse Fried, Harvard Law.
https://www.unpri.org/pri-blog/whats-the-future-of-executive-pay/4290.article
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