Executive Compensation Consultants

THE RESEARCH HANDBOOK ON EXECUTIVE PAY, Jennifer Hill & Randall S. Thomas, eds., Edgar Elgar, Forthcoming

32 Pages Posted: 20 Mar 2011

See all articles by Ruth Bender

Ruth Bender

Cranfield School of Management

Date Written: March 12, 2011

Abstract

Remuneration consultants are an integral part of the process of determining executive pay in large listed companies. This paper discusses the role of the consultants in the United Kingdom, United States and Canada, analyses their industry and the factors currently affecting it, and summarizes the growing academic literature on why consultants are used, their impact on pay policies and packages, and their potential conflicts of interest.

Keywords: compensation, remuneration, consultants, legitimacy, conflict of interest, impression management

JEL Classification: G30, G34, G38, J33, M52

Suggested Citation

Bender, Ruth, Executive Compensation Consultants (March 12, 2011). THE RESEARCH HANDBOOK ON EXECUTIVE PAY, Jennifer Hill & Randall S. Thomas, eds., Edgar Elgar, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1788322 or http://dx.doi.org/10.2139/ssrn.1788322

Ruth Bender (Contact Author)

Cranfield School of Management ( email )

Cranfield MK43 OA1
United Kingdom
+44 (0)1234751122 (Phone)
+44 (0)1234751806 (Fax)

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