Greenbury: a brake on boardroom pay?

Article Abstract:

The Greenbury Committee, which was formed in Jan 1995 in response to general disenchantment over high pay rises for executives, released a report on Jul 17, 1995. The Committee advocates the need for extensive of remuneration committees, which should comprise solely non-executive directors who know the company and the industry well. Critics feel that the recommendations do not do enough to change the situation and that the shareholders having a final say on the remuneration committee's decisions may not be practical.

---

Sources of information on senior remuneration

Article Abstract:

Commercial salary surveys on executive compensation in the UK are a valuable tool in setting market-based salaries. The Hay Management Consultants' study, Monks Partnership, and Reward Groups salary surveys are the most prominent of the 80 sources available. Some provide regional, as well as national, salary data. Personnel surveyed include executives, directors, and senior managers in several surveys.

Information services, Wage surveys

---

Where to pitch your managers' pay

Article Abstract:

UK business managers averaged 4.7% in pay increases during 1995, but directors' compensation increased 9%, well ahead of the inflation rate. Most individual salary schemes are merit-based, although a significant number are linked to team or company performance. Salary decisions should be based on market value and judgments as to where to pay within that market in order to recruit or grow.

Corporate directors, Statistics

Similar abstracts:

• Abstracts: Police officer violence and brutality awards are 'cost of doing business.' NYU. Assessing the verdict and its legal fallout
• Abstracts: The structure and regulation of the New York Stock Exchange
• Abstracts: Unreasonable suspicion: relying on refusals to support Terry stops. Marijuana hot spots: infrared imaging and the Fourth Amendment
• Abstracts: Despite a recent case holding that refilling patented toner cartridges does not constitute infringement, manufacturer claims its 'single-use' patent is tenable
• Abstracts: Trash can be a treasure, but liabilities abound; landfill gas could be a lucrative product, but potential harms need to be carefully managed

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.