The ethical questions regarding executive remuneration are ever the topic of lively discussion and interest. Media feeds the discussion regularly with catchy titles, tax information is bemoaned and high income earners receive a lot of negative feedback. The setting emphasizes the question of equity and moderation.
Executive remuneration book is meant for owners, board members, top executives and designers of executive remuneration systems. The book examines executive remuneration in a comprehensive way from different viewpoints through utilizing experiences, views and unique executive remuneration databases.
Even though the question of equity is juicy, the correct answer to the question is impossible to give. Equity and moderation are very much subjective experiences and feelings. Something that you consider unjust system can be very just from my perspective. Taking fairness into account is however relevant, since feelings of justice or injustice affect how the incentive systems are viewed.
Executive remuneration is ever a topical issue which causes emotions. Due to the financial crisis executive remuneration is regulated and instructed like never before. The media looks at executive remuneration more closely and the topic is also often subject to political discussion. In addition to regulation, also globalisation, changing attitudes and values and new ways of organising and working cultures challenge the old and familiar practices of lead and reward. The powers of change themselves are in conflict with each other and pull the companies’ executive remuneration practices to different directions.
Despite the great interest, people generally know too little of the basics and levels of executive remuneration. The actions and decisions regarding remuneration require both knowledge and the appropriate attitude, wide-reaching vision and management of large entities. One needs to have a large amount and an extensive knowledge of the factors behind executive remuneration, their causes and levels. It is also vital to remember that executive remuneration is not only money.
This piece is primarily meant for owners, board members, top executives and all designers of executive remuneration systems and decision makers. The book examines executive remuneration in a comprehensive way from different viewpoints through utilizing experiences, views and unique executive remuneration databases.
- Viewpoints for executive remuneration
- Tightening regulation and good governance
- Executive remuneration that increases shareholder value
- Executive remuneration in Finland and internationally
- Remuneration committee as the developer of executive remuneration
- Changing world challenges executive remuneration
The content of the book has been heavily influenced by the members of Boardman’s “The board and executive remuneration” -developing team members:
- Samuli Sistonen, chairman
- Manne Airaksinen, Roschier
- Maija-Liisa Friman, Boardman
- Mikko Haapanen, Boardman
- Kim Karhu, PwC
- Taru Lindeman, Boardman
- Tuomo Lähdesmäki, Boardman
- Esa Matikainen, Boardman
- Markku Pohjola, Boardman
- Tom von Weymarn, Boardman