The Theory and Practice of Directors' Remuneration: New Challenges and Opportunities

Alexander Kostyuk
Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine

Markus Stiglbauer
Friedrich-Alexander-Universität, Germany

Dmitriy Govorun
Ukrainian Academy of Banking of the National Bank of Ukraine, Ukraine


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Product Details
Format:
Hardback
ISBN:
9781785606830
Published:
06 Jan 2016
Publisher:
Emerald Group Publishing Limited
Dimensions:
304 pages - 152 x 229 x 20mm
The recent financial crisis has led to a loss of trust in corporate governance and in particular on remuneration practices and the propensity for these to create excessive risk-taking - particularly in the financial sector. The main objective of this book is to outline recent practical and theoretical issues and examine emerging new approaches towards directors' remuneration in the post-crisis period. Written by an established network of international experts, the book provides new data in both cross-sector and cross-country analyses and therefore provides a unique opportunity to compare results and institutional practices across sectors and nations. The book argues for a correct balance between risk and reward and for Directors' compensation to be equitable to all parties and stakeholders. By examining the current theories, practices and regulations and explaining them in detail it provides a state of the art snapshot of one of the key corporate governance issues of our time.It will be essential reading for graduate students, researchers, lecturers and practitioners in corporate governance and auditing as well as all students in finance, accounting, management and law.
SECTION I: THEORY OF CORPORATE GOVERNANCE AND DIRECTORS’ REMUNERATION 1. Corporate Governance and Remuneration - Udo C. Braendle and Amir Hossein Rahdari 2. Directors' Remuneration and Motivation - Udo C. Braendle and John E. Katsos 3. Executive Compensation in the 21st Century: Future Directions - Udo C. Braendle and Amir Hossein Rahdari SECTION II: CROSS-INDUSTRIAL REMUNERATION PRACTICES ANALYSIS 4. Financial Companies - Regina W. Schröder 5. Industrial Companies - Yusuf Mohammed Nulla SECTION III: CROSS-COUNTRY REMUNERATION PRACTICES ANALYSIS 6. Directors' Remuneration in the United States - Andrew J. Felo 7. Directors' Remuneration in the United Kingdom - Jean J. Chen and Zhen Zhu 8. Directors' Remuneration in Germany - Markus Stiglbauer, Julia Wittek and Sven Thalmann 9. Directors' Remuneration in Italy - Marco Artiaco 10. Directors' Remuneration in Spain - Montserrat Manzaneque, Elena Merino and Regino Banegas 11. Directors' Remuneration in Ethiopia - Hussein Ahmed Tura 12. Reviewing Institution's Remuneration Requirements: From European Legislation to German Implementation - Oliver Kruse, Christoph Schmidhammer and Erich Keller 13. The European Approach to Regulation of Director's Remuneration - Roberta Provasi and Patrizia Riva
Edited by Alexander Kostyuk, Ukrainian Academy of Banking of the National Bank of Ukraine, Sumy, Ukraine Markus Stiglbauer, Friedrich-Alexander-Universität Erlangen-Nürnberg, Nuremberg, Germany Dmitriy Govorun, Ukrainian Academy of Banking of the National Bank of Ukraine, Sumy, Ukraine
Editors Kostyuk, Stiglbauer, and Govorun present readers with a collection of expert opinions and scholarly essays on the theory, process, and application of determining appropriate remuneration for corporate directors in the face of the recent financial crisis. The editors have organized the selections that make up the main body of the text in three sections focused on the theory of corporate governance and directors’ remunerations, a cross-industrial analysis of remuneration practices, and a cross-country analysis of remuneration practices. Alexander Kostyuk and Dmitriy Govorun are faculty members of the Ukrainian Academy of Banking. Markus Stiglbauer is a faculty member of Friedrich-Alexander-Universität, Germany. Distributed in North America by Turpin Distribution.
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