Taking care of business: the politics of executive pay in the United Kingdom
Conyon, M. and Singh, Robert S. (1997) Taking care of business: the politics of executive pay in the United Kingdom. Contemporary British History 11 (4), pp. 1-21. ISSN 1361-9462.
Abstract
In the 1990s, the remuneration of executive directors of private corporations became a political issue in the United Kingdom. Although issues of pay equity featured prominently in post‐war British politics, the question of directors’ pay had previously generated no political controversy. In this article, we argue that nine distinct factors account for the politicisation of directors’ pay, together reflecting the transformation of the British political economy that occurred after 1979. However, although the politicisation of executive compensation led to the establishment of the Cadbury and Greenbury Committees ‐ whose recommendations on corporate governance reform were widely adopted by private companies — no substantive reforms to the corporate regime governing executive pay occurred. The tactical exigencies of party politics since the later 1980s contributed to the absence of statutory regulation of executive compensation, and the continuing political dissensus over the issue.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Humanities and Social Sciences > School of Social Sciences |
| Depositing User: | Sarah Hall |
| Date Deposited: | 14 Nov 2017 13:51 |
| Last Modified: | 02 Aug 2023 17:36 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/20314 |
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