Abstract

http://ssrn.com/abstract=1956294
 


 



Regulating Executive Remuneration after the Global Financial Crisis: Common Law Perspectives


Jennifer G. Hill


University of Sydney - Faculty of Law; Centre for International Finance and Regulation (CIFR); European Corporate Governance Institute (ECGI)


RESEARCH HANDBOOK ON EXECUTIVE PAY, J. Hill and R. Thomas, eds., Forthcoming
Sydney Law School Research Paper No. 11/91

Abstract:     
Executive pay has become a regulatory flashpoint of the global financial crisis. In contrast to the traditional non-interventionist approach to executive compensation, it has galvanized regulators around the world to search for effective responses to the perceived problem of executive pay.

These developments have also shifted the focus of research in the area of executive pay. Although since the 1990s, there has been much research on the determinants of executive pay, there was far less on policies to control executive remuneration. The global financial crisis has altered this. Executive compensation is once again portrayed as a corporate governance problem in search of a solution.

This chapter for the Research Handbook on Executive Pay, a forthcoming book on international executive compensation to be published by Edgar Elgar Publishing, explores a range of responses to the global financial crisis concerning the regulation of executive pay in three common law jurisdictions - the United States, United Kingdom and Australia.

Number of Pages in PDF File: 45

Keywords: executive compensation, remuneration, shareholders, directors, disclosure, directors’ duties, comparative corporate governance, corporate scandals, global financial crisis, regulation

JEL Classification: G30, G34, J33, K22, K33, K40, M14, M52, 016

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Date posted: November 9, 2011 ; Last revised: November 28, 2011

Suggested Citation

Hill, Jennifer G., Regulating Executive Remuneration after the Global Financial Crisis: Common Law Perspectives. RESEARCH HANDBOOK ON EXECUTIVE PAY, J. Hill and R. Thomas, eds., Forthcoming; Sydney Law School Research Paper No. 11/91. Available at SSRN: http://ssrn.com/abstract=1956294

Contact Information

Jennifer G. Hill (Contact Author)
University of Sydney - Faculty of Law ( email )
Faculty of Law Building, F10
The University of Sydney
Sydney, NSW 2006
Australia
+61 2 9351 0280 (Phone)
+61 2 9351 0200 (Fax)

Centre for International Finance and Regulation (CIFR) ( email )
Level 7, UNSW CBD Campus
1 O'Connell Street
Sydney, NSW 2000
Australia

European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
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