| Status | 已發表Published |
| Directors’ Remuneration in the United Kingdom | |
| Chen, J.J. | |
| 2016-11-01 | |
| Source Publication | The Theory and Practice of Directors’ Remuneration |
| Publisher | Emerald Group Publishing Limited |
| Pages | 95-117 |
| Abstract | The UK is widely recognised as a ‘world leader’ in corporate governance reform. In the wake of a series of corporate failures (e.g. the BCCI and Maxwell cases) in the early 1990s, the publication of the Cadbury Report (Cadbury Report, 1992) in the United Kingodm represents the first attempt to set out a specific set of recommendations on good corporate governance practices, which has significantly influenced the development of corporate governance codes around the world. Furthermore, the Cadbury Report has set the agenda for corporate governance reform in the United Kingodm, following which, more subsequent policy documents, principles, guidelines and codes of practices have been published in the United Kingodm, keeping Britain as ‘front runner’ in this field (FRC, 2011; Keasey, Short, & Wright, 2005; Tricker, 2009). Specifically, regulatory framework for directors’ remuneration in the United Kingodm are mainly set out in two places: The Greenbury Report in 1995 (note that the Greenbury recommendations have been incorporated into the Combined Code and its new version of the UK Corporate Governance Code 2012 with a few amendments, which will be discussed in more detail later), and the Directors’ Remuneration Report Regulations in 2002 (issued by the Department of Trade and Investment, DTI, and contained in the relevant sections of Companies Act 2001) which will be discussed separately in section ‘Remuneration Reporting’. 1 In line with the ‘comply or explain’ approach adopted by the UK corporate governance system, the regulatory framework is complemented by market Listing Rules 2 and good practice principles issued by investor associations 3 (BIS, 2012b). |
| Keyword | Directors' Remuneration United Kingdom |
| Language | 英語English |
| ISBN | 9781785606830 |
| The Source to Article | PB_Publication |
| PUB ID | 48903 |
| Document Type | Book chapter |
| Collection | University of Macau |
| Recommended Citation GB/T 7714 | Chen, J.J.. Directors’ Remuneration in the United Kingdom[M]. The Theory and Practice of Directors’ Remuneration:Emerald Group Publishing Limited, 2016, 95-117. |
| APA | Chen, J.J..(2016). Directors’ Remuneration in the United Kingdom. The Theory and Practice of Directors’ Remuneration, 95-117. |
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