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The Theory and Practice of Directors' Remuneration: New Challenges and Opportunities, New Challenges and Opportunities


The Theory and Practice of Directors' Remuneration: New Challenges and Opportunities, New Challenges and Opportunities.

Editors:

Markus Stiglbauer, Friedrich-Alexander-Universitat, Germany
Alexander Kostyuk, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine
Dmitriy Govorun, Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine


Synopsis:

Since the crisis of 2008 the term 'bankers' bonus' has become loaded with negative assumptions, whilst being used as an an equally dividing or uniting force on the Left and the Right of the political spectrum.. Examining one of the most controversial corporate issues of our times, this book argues for a correct balance between risk and reward and for Directors' remuneration to be equitable to all parties and stakeholders. By examining the current theories, practices and regulations and explaining them in detail, it provides a state of the art overview of one of the key corporate governance issues of the 21st century.

The recent financial crisis has led to a loss of trust in corporate governance, particularly in remuneration practices and the propensity for these to create excessive risk taking in the financial sector. The main objective of this book is to outline recent practical and theoretical issues and examine emerging new approaches towards directors' remuneration in the post crisis period. Written by an established network of international experts, the book provides new data in both cross sector and cross country analyses and therefore provides a unique opportunity to compare results and institutional practices across sectors and nations.

The book argues for a correct balance between risk and reward and for directors' compensation to be equitable to all parties and stakeholders. By examining the current theories, practices and regulations and explaining them in detail it provides a state of the art snapshot of one of the key corporate governance issues of our time. It will be essential reading for graduate students, researchers, lecturers and practitioners in corporate governance and auditing as well as all students in finance, accounting, management and law.

Brief Table of Contents:

Chapter 1 Corporate Governance and Remuneration

Chapter 2 Directors' Remuneration and Motivation

Chapter 3 Executive Compensation in the 21st Century, Future Directions

Chapter 4 Financial companies

Chapter 5 Industrial Companies

Chapter 6 Directors' Remuneration in the USA

Chapter 7 Directors' Remuneration in the UK

Chapter 8 Directors' Remuneration in Germany

Chapter 9 Directors' Remuneration in Italy

Chapter 10 Directors' Remuneration in Spain

Chapter 11 Directors' Remuneration in Ethiopia

Chapter 12 Reviewing institution's remuneration requirements, from European legislation to German implementation

Chapter 13 The European approach to regulation of directors' remuneration

Book Information

ISBN Print: 9781785606830
ISBN Electronic: 9781785606823
Publication Date: 06 January 2016
Format print: Hardback
Imprint: Emerald Group Publishing Limited
Page count: 296
Dimensions: 152 x 229
Audience: Professional & Scholarly

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Reviews

Professor Alexander Kostyuk, Virtus Interpess, and the Global Center for Corporate Governance are to be commended for this comprehensive review and analysis of the international state of Governance and Directors' Remuneration.
Philip J. Weights, ACIB, CIA, CISA, CRMA, Founder and Managing Partner, Enhanced Banking Governance LLC, Zurich, Switzerland