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Sean O’Hare on UK Compensation Trends

In: Corporate Governance in the US and Europe

Author

Listed:
  • Geoffrey Owen

    (Interdisciplinary Institute of Management, London School of Economics and Political Science)

  • Tom Kirchmaier

    (Interdisciplinary Institute of Management, London School of Economics and Political Science)

  • Jeremy Grant

    (Graduate Institute of International Studies)

Abstract

While the UK is in general following the compensation trends set in the US, its shareholder approval process of top management compensation is less formal and mechanical. In turn, this allows more firm-specific flexibility. Changes to the UK tax law that considerably lower the ceiling on tax-favoured pension arrangements from April 2006 will have an important impact on the compensation structure of UK executives in the near future.

Suggested Citation

  • Geoffrey Owen & Tom Kirchmaier & Jeremy Grant, 2006. "Sean O’Hare on UK Compensation Trends," Palgrave Macmillan Books, in: Corporate Governance in the US and Europe, chapter 12, pages 70-72, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51245-0_12
    DOI: 10.1057/9780230512450_12
    as

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