Business, Management and Accounting
4 years ago

Shareholders' Votes Fail to Curb Excessive CEO Pay in the UK

Corporate Governance An International Review
Shareholder Voting and Directors' Remuneration Report Legislation: Say on Pay in the UK
Martin J. Conyon, Graham Sadler

Paper Summary

Related papers

Business, Management and Accounting
8 years ago

Empowering Shareholders: Maximizing Profits and Influence in Corporate Governance

Multilevel Marketing
Venture Capital
Corporate Governance
3 views
Business, Management and Accounting
3 years ago

Company size drives CEO pay in Ireland, good governance reduces executive salaries

Corporate Governance
Earnings Management
Working Capital
Business, Management and Accounting
4 years ago

Empowering Shareholders: New Laws Give Investors More Control Over Companies

Regulatory Competition
Bankruptcy Law
2 views

The study looked at how shareholders in the UK vote on CEO pay. They found that most shareholders approve of the Directors' Remuneration Report. Shareholders are more likely to vote against pay-related resolutions than non-pay ones. Companies with higher CEO pay tend to get more dissenting votes. However, there isn't much evidence that shareholder dissent leads to lower CEO pay. Overall, shareholder voting doesn't seem to have a big impact on changing CEO compensation.