TITLE

The CEO's Agent

AUTHOR(S)
Warner, Judy
PUB. DATE
October 2007
SOURCE
NACD Directorship;Oct/Nov2007, Vol. 33 Issue 5, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the role of corporate counsels who advise their CEO clients on their employment contracts, specifically pertaining to compensation. These counsels are hired by CEO, not only to negotiate the terms in the contracts, but also to smoothen relationship with the corporate board. Under new proxy rules, board members have fiduciary duty to shareholders to explain the basis for CEO compensation package.
ACCESSION #
27221483

 

Related Articles

  • How Much Pay... for how much performance? Delves, Donald P. // Across the Board;Jul/Aug2004, Vol. 41 Issue 4, p14 

    Discusses the issue of CEO compensation in the event of greater scrutiny of executive pay by boards of directors and the shift to greater creativity and accountability in paying for performance by management. Tools in compensation practice; Rationale for determining the amount a CEO should be...

  • STOCK-OPTION-BASED EXECUTIVE COMPENSATION PLANS AND LODGING FIRMS' RISK-TAKING. Ming-Che Chien; Min-Ming Wen; Yang, Charles C. // Tourismos;2013, Vol. 8 Issue 3, p1 

    This study investigates the impact of stock-option-based (SOB) executive compensation by lodging industry firms on risk-taking, and whether or not perceptions of the risk firms face affects the design of CEOs' compensation contracts. The data analyzed include market-based risk measures and...

  • HOW DIRECTORS’ PRIOR EXPERIENCE WITH OTHER DEMOGRAPHICALLY SIMILAR CEOS AFFECTS THEIR APPOINTMENTS ONTO CORPORATE BOARDS AND THE CONSEQUENCES FOR CEO COMPENSATION. ZHU, DAVID H.; WESTPHAL, JAMES D // Academy of Management Journal;Jun2014, Vol. 57 Issue 3, p791 

    In recent years, new director appointments have increasingly posed a dilemma for corporate leaders: while CEOs prefer individuals who have similar backgrounds to them, they face increased pressure to appoint new directors who have a different demographic profile. We suggest that CEOs may resolve...

  • Board of Director Characteristics and CEO compensation: Empirical Evidence from Iran. Irani, Mahroo; Gerayeli, Mehdi Safari; Valiyan, Hasan // Australasian Accounting Business & Finance Journal;2017, Vol. 11 Issue 2, p105 

    This study aims to investigate the relationship between Board of Director characteristics and CEO compensation. This is semi-empirical study and statistical sample of research was based on 95 companies listed on the Tehran stock exchange from 2010 to 2014. Variables examined include the ratio of...

  • CEO TENURE AS A DETERMINANT OF CEO PAY. Hill, Charles W. L.; Phan, Phillip // Academy of Management Journal;Sep91, Vol. 34 Issue 3, p707 

    Our hypotheses were that the influence of chief executive officers (CEOs) over boards of directors and the likelihood that the CEOs' compensation packages will reflect their preferences increase with CEO company tenure. Results of empirical tests were consistent with this argument, suggesting...

  • DO SEASONED CEOS PREFER FEWER BOARD MEETINGS? EVIDENCE FROM PUBLICLY TRADED FIRMS. Aidong Hu; Richman, Vincent; Santos, Michael // Review of Business Research;2007, Vol. 7 Issue 2, p29 

    We examine how firm characteristics and CEO compensation contract affect the frequency of annual board meetings. As predicted by corporate governance under managerial entrenchment hypothesis, the propensity to hold board meetings is significantly and positively associated with the size of the...

  • CEO compensation: Turning conventional wisdom on its head (almost). Chowdhury, Shamsud D.; Wang, Eric // Ivey Business Journal;Nov/Dec2004, Vol. 69 Issue 2, p1 

    Contrary to conventional wisdom, a CEO's fixed salary, or non-contingent pay, has not increased in recent years. In fact, a CEO's fixed salary, as a proportion of his or her total compensation, has been decreasing. Moreover, the greater the independence of a compensation committee, the more a...

  • CEO Compensation in Canada, 1971-2008. Gélinas1, Patrice; Baillargeon, Lisa // International Journal of Business & Management;Jun2013, Vol. 8 Issue 12, p1 

    This paper draws from a unique database spanning over 35 years of Canadian CEOs' compensation to explore the interplay among: the information available to boards of directors of Canadian companies for making executive pay decisions, the Canadian business environment, and the compensation that...

  • Compensation under fire. Berube, Gerard // CA Magazine;Nov2000, Vol. 133 Issue 9, p10 

    Comments on compensation packages for senior executives. Criticisms of institutional investor Warren Buffet against executive compensations; Stock appreciation rights plans (SARP) as alternative compensations for senior executives; Examples of compensation benefits received by senior executives.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics