Overview
- Introduces a unique framework to assess a fair and optimal level of CEO compensation
- Provides real-life examples and survey templates which can be used by HR managers
- Takes a stakeholder approach in addressing considerations of fairness executive pay
Part of the book series: Contributions to Management Science (MANAGEMENT SC.)
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Table of contents (12 chapters)
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Front Matter
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Back Matter
Keywords
- Optimal CEO compensation
- Compensation differentials between CEOs and employees
- Fairness factors in CEO salaries
- Pay-for-Performance analysis
- Peer group effects of CEO compensation
- CEO compensation in a multi-cultural framework
- Intercultural differences in executive pay
- Checklists for compensation structure in companies
About this book
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 theiremployees’ perception of the fairness of their CEO’s compensation.
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Authors and Affiliations
About the author
Previously, she worked as an Associate Professor of Accounting and Finance at the Østfold University College, Norway, between August 2017 and August 2019. She was the co-founder of the Business and Governance (BUS-GOV) and the founder of the China-Norway Researcher Network (CNRN) research centres at the Østfold University College. She also worked as a visiting Professor at the Helsinki Business School (HELBUS), Finland, and at the International School of Management (ISM), Paris, France.
Beforeher PhD study, she worked for seven years as an auditor in two of the Big 4 Auditing firms in Turkey, as well as in the Caribbean, the USA, and Luxembourg. Her areas of expertise are in corporate governance, executive compensation, financial accounting, international financial reporting standards (IFRS), and managerial accounting.
Bibliographic Information
Book Title: Fairness of CEO Compensation
Book Subtitle: A Multi-Faceted and Multi-Cultural Framework to Structure Executive Pay
Authors: Mehtap Aldogan Eklund
Series Title: Contributions to Management Science
DOI: https://doi.org/10.1007/978-3-030-33554-0
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Nature Switzerland AG 2019
Hardcover ISBN: 978-3-030-33553-3Published: 18 December 2019
Softcover ISBN: 978-3-030-33556-4Published: 18 December 2020
eBook ISBN: 978-3-030-33554-0Published: 05 December 2019
Series ISSN: 1431-1941
Series E-ISSN: 2197-716X
Edition Number: 1
Number of Pages: XVI, 200
Number of Illustrations: 28 b/w illustrations, 23 illustrations in colour
Topics: Behavioral Finance, Human Resource Management, Industrial and Organizational Psychology