The 7 Myths of Executive Compensation Larcker and Tayan’s research exposes seven common myths around compensation:
Myth #1: The ratio of CEO pay to that of the average worker is a useful statistic.
Myth #2: Compensation consultants cause pay to be too high.
Myth #3: We can easily identify compensation plans that cause excessive risk-taking.
#4: The performance targets in the compensation plan tie directly to the strategy.
Myth #5: Eliminating discretionary bonuses is a good idea.
Myth #6: Proxy advisory firms know how to evaluate compensation contracts.
Myth #7: The numbers reported in the financial statement for stock option expenses are a good approximation of their cost.http://gamutnews.com/20110615/25244/7-myths-of-executive-compensation.html
Gamut News, Jun 15, 2011
"Now, more than ever, directorship requires personal courage and integrity to cope with disruptive and unexpected change," >>
PR Newswire, SOURCE WomenCorporateDirectors, 18.5.2011
The push to increase the number of women in the UK’s boardrooms gathered pace this month with a new consultation paper on gender diversity reporting. Background to the current proposals >>
Shoosmiths, 17.5.2011
Diverse Boards that are Multi-Gender, Multi-Skilled, Multi-National, Multi-Ethnic, and Multi-Generational >>
NEW YORK, May 18, 2011 /PRNewswire
News & Links
OECD Principles of Corporate Governance
The OECD Principles of Corporate Governance were endorsed by OECD Ministers in 1999 and revised in 2004. They cover six key areas of corporate governance : ensuring the basis for an effective corporate governance framework; the rights of shareholders; the equitable treatment of shareholders; the role of stakeholders in corporate governance; disclosure and transparency; and the responsibilities of the board. Essential document. Do not miss the Frequently Asked Questions and the Policy brief which is even more interesting than the principles themselves.
Transparency International
Transparency International is an international non-governmental organization which brings civil society, business, and governments together in a powerful global coalition, and works at both the national and international level to curb both the supply and demand of corruption. Excellent site which includes a newsletter and a rich publications section. Do not miss the business principles for countering bribery.
European Corporate Governance Institute
The European Corporate Governance Institute (ECGI) is an international scientific non-profit association which provides a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practice. Excellent and very rich site. Do not miss the section on codes where corporate governance codes on a country by country basis can be downloaded. The section on working papers is also interesting although much more technically focused.
