[Autom. eng. transl.] Managerial remuneration has for years been at the center of an intense debate that has as its object both the level of remuneration received by management, often considered excessive, and the sensitivity of such compensation to company performance, deemed insufficient to guarantee an adequate alignment between the interests of the management and those of shareholders. More recently, attention has shifted to the links between remuneration policies and corporate risk, in particular those operating in the financial sector, on the assumption that these policies have created an excessive focus of management on short-term results , to the detriment of the creation of value in the long term and, more generally, of the solidity of the companies themselves. For this reason, the governments and regulatory authorities of the main industrialized countries have been interested in management remuneration policies, with the issue of rules, regulations and reform proposals destined to significantly affect the remuneration practices of companies during the in the coming years. This book explores these important questions on the basis of the results of the most recent research on the subject, in order to provide a solid basis for a critical analysis of the theses put forward in the recent debate, as well as the reform proposals that are emerging.
|Translated title of the contribution||[Autom. eng. transl.] Managerial remuneration. Lessons from the crisis and reform proposals|
|Number of pages||243|
|Publication status||Published - 2011|
- Remunerazione manageriale
- corporate governance