Executive Compensation Consultants
THE RESEARCH HANDBOOK ON EXECUTIVE PAY, Jennifer Hill & Randall S. Thomas, eds., Edgar Elgar, Forthcoming
32 Pages Posted: 20 Mar 2011
Date Written: March 12, 2011
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: Suggested Citation