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Pay for performance: corporate executive compensation in the 1990s

Article Abstract:

Actions taken by the federal government to promote corporate accountability for excessive executive compensation will promote the ability to shareholders to bring management performance in line with long-term investment goals. The Internal Revenue code places caps on deductions for executive compensation not linked to performance. The Financial Accounting Standards Board has revised its treatment of stock options granted as compensation. The Securities and Exchange Commission is requiring certain corporations to subject compensation plans to shareholder approval.

Laws, regulations and rules, Compensation and benefits, Employee incentives, Executives, Executive compensation, Proxy, Incentive stock options

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How the marketplace fosters business honesty

Article Abstract:

Businesses use a variety of tactics to make honesty more profitable than dishonesty because honesty generates more and better business in the long run. Thus they invest heavily in building a reputation, often symbolized by an expensive logo. They try to demonstrate their commitment to remaining in business. In effect, they create publicly held hostages to their own ethical and honest practices. The government cannot effectively replace this role, as politicians are inherently less vulnerable than businesspeople.

Economic aspects, Business ethics, Honesty

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Shareholders, nonshareholders and corporate law: communitarianism and resource allocation

Article Abstract:

Communitarian-minded proponents of nonshareholder constituency statutes erroneously assume that there are greater social and consumer benefits in treating corporations as public, instead of private, entities. Such statutes, by demanding that corporate officers consider the effect of corporate action on members outside the investor class, ignore the demands of a market economy, specifically the need to attract and pool investment capital, and the need to facilitate private contractual relations.

Models, Corporate governance, Ethical aspects, Corporation law, Communitarianism

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