Over the past 20 years, there has been a dramatic increase in the share of executive compensation paid through stock options. We examine the extent to which tax policy has inuenced the composition of executive compensation, and discuss the implications of rising stock-based pay for tax policy. We begin by describing the tax rules for executive pay in detail and analyzing how changes in various...

We analyze the effect of committee formation on how corporate boards perform two main functions: setting CEO pay and overseeing the financial reporting process. The use of performance-based pay schemes induces the CEO to manipulate earnings, which leads to an increased need for board oversight. If the whole board is responsible for both functions, it is inclined to provide the CEO with a compen...

In response to the corporate scandals in 2001-2002, the major U.S. exchanges came up with new regulations which are intended to enhance board oversight. We use this regulation event to shed light on the effect of board oversight on CEO compensation. We find that firms that were not complying with these regulations decreased their CEO compensation by between 20%-25% upon compliance, compared to ...

course, arising out of the Workmen's Compensation Act, but sometimes under common law as well ; and therefore a review of those decisions which have helped to define what an accident is may not be out of place at a medical meeting. It is curious that neither of the Workmen's Compensation Acts contained this definition, so that the meaning of the term has tended to vary case by case. Prior to th...

Within the UK exposure of the consumer to pesticides via food is under the jurisdiction of the Pesticide Safety Directorate (PSD). However, the UK Health and Safety Executive (HSE) also has an input into the pesticide approvals process and this is related to worker safety. In terms of agricultural use, HSE has always had a watching brief as far as operator exposure is concerned either by doing ...

This paper reports on the first phase of an action research practice development project to explore, develop and evaluate the role of the generic healthcare support worker in a high dependency rehabilitation service. The project is being jointly conducted by staff from the University of Southampton, the University of Portsmouth and the Isle of Wight Healthcare NHS Trust and phase 1 is supported...

Health care workers especially medical students are at risk of acquiring infection through occupational exposure. Few studies have reported on medical students’ knowledge of standard precautions and sharp injuries and noted lack of adequate knowledge of standard precautions. To identify deficiencies which could be addressed by education and training, it is useful to measure KAP of medical stude...