Download or read book Executive compensation Switzerland written by Hermann J. Stern and published by Obermatt AG. This book was released on 2003 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Executive Compensation in Switzerland written by Fredrik Bernold and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Executive Remuneration written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stock Options and Executive Compensation in Switzerland written by Lukas Hengartner and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Executive Remuneration Switzerland 1973 written by Michael A. Johnson and published by . This book was released on 1973 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Executive Compensation written by Thomas Gerdesic and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Executive Compensation in Switzerland written by Raúl Barroso Casado and published by . This book was released on 2005 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulation of Say on Pay written by Lukas Mueller and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate about the compensation of executives and directors is a discussion about incentives and agency costs. This article analyzes basic tools to reduce agency costs and also assesses the ongoing debate about the future regulation of the compensation of executives and directors. It draws upon legislative experience from the United States. Recently proposed legislation in Switzerland attempts to empower shareholders with the draft of the Swiss Code of Obligations (CO). The main motivation behind this draft law is the reduction of excessive executive compensation. Directors and shareholders with a higher degree of independence might be less conflicted in their decisions but they might also have a lack of firm-specific know-how. In effect, this could lead to weaker bargaining power of directors in relation to executives when they have to contract for new employment agreements with their executives. Moreover, shareholders often do not have the time or ability to process complex disclosure about executive compensation. This will lead to uninformed voting behavior of rationally apathetic shareholders. Additionally, some shareholders, e.g., institutional investors, may prefer to stay on good terms with the CEO or directors because they want to have a good longterm relationship with the board and the executives. This article advises against implementing a specific salary cap for so called “very high compensation” and also advises against the implementation of tax burdens for executive compensation.
Download or read book Fairness of CEO Compensation written by Mehtap Aldogan Eklund and published by Springer Nature. This book was released on 2019-12-05 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 their employees’ perception of the fairness of their CEO’s compensation.
Download or read book CEO Compensation of Listed Companies in Switzerland written by Mürüvvet Mehtap Aldogan Eklund and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive compensation is still a prominent topic. After the corporate scandals and strong public opposition to overpayments, scholars, policy makers, politicians, and stakeholders have turned their attention to the appropriateness of compensation contracts. This empirical dissertation is made up of three papers concerning three conceptually related factors of CEO compensation and the moderation effect of Corporate Governance variables. In detail, it is concerned with the overall research question whether CEOs' compensation in Swiss publicly traded companies are financially appropriate or optimal contracts based on the three pillars - (1) pay-for-performance, (2) risk, and (3) peer group comparison (benchmarks). Each factor is the topic of one of the three papers. Finally, it is found that Risk (beta) and peer group compensation (benchmarking) are the significant predictors of the total CEO compensation, whereas firm performance is not. In other words, CEO pay and firm performance are decoupled. Corporate Governance factors have a moderating effect on the association between CEO compensation, firm performance, and peer group comparison.
Download or read book Executive Compensation written by Jean-Pierre Danthine and published by . This book was released on 2010 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants and Structure of CEO Pay in Theory and Swiss Business Practise written by Christoph-Michael Sollberger and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive compensation represents a controversial subject in Swiss public. The discussion is often marked by a lack of objectivity. This paper examines the structure and determinants of CEO pay in theory and Swiss business practise from a rational economic perspective. The paper consists of three parts. The first contains an analysis of the relevant literature of executive compensation. Most research findings have been derived in the USA. In order to draw any conclusions, the insights of the analysis had to be adapted to Swiss realities. This has been achieved by conducting several expert interviews, which are comprised in the second part. The paper ends with recommendations for theory and practise.
Download or read book Executive Compensation written by Gary Girous and published by Business Expert Press. This book was released on 2014-12-08 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chief executive officer (CEO) of a corporation and his or her executive team are responsible for the management of the business and its continued operating and financial success. The CEO and executive team are almost always highly compensated and the relative total compensation has mushroomed over time. Most of the compensation now is designed to be performance-based, but leading to charges that executives have incentives to manipulate corporate earnings and stock price in the short-term for their own self interests. The compensation at some companies became so egregious that compensation again became a major public policy issue subject to federal regulation. Executive Compensation focuses on the major topics related to executive compensation—present, past, and future. First, is understanding what executive compensation is, including composition and objectives of pay contracts. Second, how do specific compensation agreements affect corporate behavior and performance? Third, what are the major components, including how and what are accounted for and disclosed? How is compensation, especially executive compensation, accounted for—that is, what are the calculations and journal entries required? Fourth, what does historical analysis tell us about the topic, especially how contractual decisions have been made and what has worked. Finally, what is in store for the future—both expected compensation agreements and what the compensation incentives suggest for future corporate decisions on operations and accounting manipulation.
Download or read book Executive Board Compensation of Publicly Traded Companies in Switzerland written by Hannah Engelmann-Zach and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In den vergangenen Jahren waren die Vergütungen der Unternehmensspitzen in verschiedenen Ländern starker Kritik ausgesetzt. In der Schweiz äusserte sich der Unmut sogar in Volksinitiativen mit dem Ziel, die Vergütungssummen des Topmanagements auf Verfassungsebene einzuschränken. Um faire Vergütungen festzulegen, spielen relative Dimensionen eine wichtige Rolle, beispielsweise wie Managementvergütungen in Relation stehen zu den Vergütungssummen, die auf dem externen Markt für Managementtalente gezahlt werden, aber auch in welchem Verhältnis sie zu den Gehältern anderer Mitarbeiter des Unternehmens und dem Unternehmenserfolg stehen. Diese Dissertation greift den relativen Blickwinkel auf, indem sie die Vergütung des CEOs mit der durchschnittlichen Vergütung der direktunterstellten Manager des CEOs mittels deren Differenz (Compensation Gap) und deren Quotient (Compensation Multiple) vergleicht. Trotz des hohen Einflusses des Topmanagementteams auf den Unternehmenserfolg fokussierte sich die bisherige Forschung im Bereich Managementvergütung hauptsächlich auf die Vergütung des CEOs, während die Topmanagementteamvergütung nur relativ wenig Aufmerksamkeit bekam. Zudem basierte die bisherige Forschung zur Managementvergütung grösstenteils auf US-amerikanischen Samples, wodurch sich die Frage der Generalisierbarkeit der Forschungsergebnisse aufdrängt, da der US-amerikanische Vergütungsansatz für die meisten anderen Länder als wenig repräsentativ erscheint. Dies unterstreicht den Bedarf an weiterer Forschung mit internationaler Ausrichtung. Diese Dissertation weitet den Länderfokus der Forschung zu Topmanagementteamvergütung aus, indem sie ein Sample von börsennotierten Unternehmen mit Firmensitz in der Schweiz untersucht. Mittels multiplen (moderierten) Regressionen wird die Beziehung zwischen CEO Compensation Gaps und Unternehmenserfolg untersucht und die Anwendbarkeit der Tournament Theory und Equity Theory.
Download or read book Explaining Executive Pay written by Lukas Hengartner and published by Deutscher Universitätsverlag. This book was released on 2006-10-26 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lukas Hengartner shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the complexity of their job and that more powerful top managers receive pay in excess of the level that would be optimal for shareholders.
Download or read book Executive Compensation written by Michael S. Sirkin and published by Law Journal Press. This book was released on 2023-09-28 with total page 966 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive Compensation is an invaluable legal guide through the maze of rules, regulations and practices that govern corporate financial compensation for executive employees.
Download or read book Mergers and Acquisitions and Executive Compensation written by Virginia Bodolica and published by Routledge. This book was released on 2015-06-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past decades, the total value of executive compensation packages has been rising dramatically, contributing to a wider pay gap between the chief executive officer and the average worker. In the midst of the financial turmoil that brought about a massive wave of corporate failures, the lavish executive compensation package has come under an intense spotlight. Public pressure has mounted to revise the levels and the structure of executive pay in a way that will tie more closely the executive wealth to that of shareholders. Merger and acquisition (M&A) activities represent an opportune setting for gauging whether shareholder value creation or managerial opportunism guides executive compensation. M&As constitute major examples of high-profile events prompted by managers who typically conceive them as a means for achieving higher levels of pay, even though they are frequently associated with disappointing returns to acquiring shareholders. Mergers and Acquisitions and Executive Compensation reviews the existing empirical evidence and provides an integrative framework for the growing body of literature that is situated at the intersection of two highly debated topics: M&A activities and executive compensation. The proposed framework structures the literature along two dimensions, such as M&A phases and firm’s role in a M&A deal, allowing readers to identify three main streams of research and five different conceptualizations of causal relationships between M&A transactions and executive compensation. The book makes a comprehensive review of empirical studies conducted to date, aiming to shed more light on the current and emerging knowledge in this field of investigation, discuss the inconsistencies encountered within each stream of research, and suggest promising directions for further exploration. This book will appeal to researchers and students alike in the fields of organizational behavior and governance as well as accounting and accountability.