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Fairness of CEO Compensation

A Multi-Faceted and Multi-Cultural Framework to Structure Executive Pay

Mehtap Aldogan Eklund

PDF
ca. 96,29
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Springer International Publishing img Link Publisher

Sozialwissenschaften, Recht, Wirtschaft / Sonstiges

Beschreibung

Executive compensation and its fairness to stakeholders are topics of heated debate on platforms ranging from news forums to financial markets. This book stimulates critical thinking on executive compensation and guides academics and practitioners on the key concepts by developing a multi-faceted and multi-cultural framework. It also presents the new ‘Fair CEO Compensation,’ which uses a scientifically developed and structured stakeholder-based approach to reach optimal and fair CEO compensation, without capping bonuses or variable pay by rules and regulations. Financial, non-financial, organizational, strategic, cultural, personal, and social aspects are all taken into account in the framework.

In addition to implementation guidelines and real-world examples, the book presents a checklist for businesses to measure the fairness of their CEO compensation based on the suggested framework. Moreover, the author also provides a survey template to help businesses investigate theiremployees’ perception of the fairness of their CEO’s compensation.


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Schlagwörter

Pay-for-Performance analysis, CEO compensation in a multi-cultural framework, Optimal CEO compensation, Peer group effects of CEO compensation, Checklists for compensation structure in companies, Compensation differentials between CEOs and employees, Fairness factors in CEO salaries, Intercultural differences in executive pay