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 investigatetheiremployees' perception of the fairness of their CEO's compensation.
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 investigatetheiremployees' perception of the fairness of their CEO's compensation.
"The book proposes a holistic, multifaceted and multicultural framework of 'fair CEO compensation', based on eight independent factors. The book is also intended as a guide for practitioners. ... the book presents the opinions of experts and practitioners of executive pay and corporate governance, in relation to fair and optimal CEO compensation level and structure. It also provides the reader with real examples and practical insights." (Rosalia Santulli, Journal of Management and Governance, 2022)