Comparative Corporate Governance and Executive Remuneration

Seminar paper from the year 2014 in the subject Business economics - Investment and Finance, , language: English, abstract: The justification of a company having a remuneration committee (hereinafter 'RemCo') is simple and based on the 'agency theory' whereby directors are employed to act as proxies for shareholders and manage a companies' business on their behalf. However, their powers allow them to manage the business in a manner, which facilitates their own interests. Excessive remunerat...