Long Run Trends in Australian Executive Remuneration: BHP 1887-2012
نویسندگان
چکیده
Long Run Trends in Australian Executive Remuneration: BHP 1887-2012 Outside the US, little is known of long-run trends in executive compensation. We fill this gap by studying BHP, a resources giant that has long been one of the largest companies on the Australian stock market. From 1887 to 2013, trends in CEO and director remuneration (relative to average earnings) follow a U-shape. This matches the pattern for US executive compensation, Australian top incomes, and (for the past two decades) average trends in executive compensation in top Australian firms. Like the US, Australia experienced a postwar ‘great compression’ prior to the recent ‘great divergence’. JEL Classification: D31, J31
منابع مشابه
Toward More Rational Executive Remuneration
There are several points in the remuneration planning process where ambiguity exists and a lack of understanding can lead to the establishment of inappropriate levels of executive pay. Awareness of these decision points will enable remuneration committees of boards of directors to exercise appropriate diligence in developing executive pay structures and levels that are motivational for executiv...
متن کاملTrends in Dutch Executive Compensation
This article describes the trends in Dutch executive pay contracts. To increase our insight into this subject area, we conducted an empirical study on the basis of remuneration data provided by the executive board members of 71 Dutch listed companies over the period 2002-2004. The study starts from the premise that the characteristics of a unique corporate governance regime, together with the e...
متن کاملRe : European Commission Consultation on the EU
Questions raised by the Commission on the aspect of Directors’ remuneration (1.4) (9) Should disclosure of remuneration policy, the annual remuneration report (a report on how the remuneration policy was implemented in the past year) and individual remuneration of executive and non-executive directors be mandatory? (10) Should it be mandatory to put the remuneration policy and the remuneration ...
متن کاملRemuneration of Non-Executive Independent Directors Review the View of Representation Theory
Management is trying to maximize your rewards and that means in terms of net profit, return on investment (performance) or other accounting measures and also by trying to Making positive changes in the prices of corporate securities to be done. In other words, the maximum managers Their interests are trying to improve corporate performance and the improvement of the capital Investors will be aw...
متن کاملOnwards and Upwards: Why Companies Change their Executive Remuneration Schemes, and Why This Leads to Increases in Pay
Much has been written about the phenomenon of ever-increasing executive pay in listed companies. This paper examines some of the underlying reasons for this continued increase in executive directors’ remuneration. It reports the results of 40 interviews with protagonists in the remuneration debate in FTSE 350 companies, exploring the types of change made and the reasons given for these changes....
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2013