The determinants of CEO compensation from a governance framework : the case of South African firms

2011

Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2011 In the field of corporate governance, the phenomenon of executive compensation is highly contentious and receives a great deal of attention. CEO’s have come under extensive scrutiny with respect to the ever increasing compensation packages which they receive. In fact, this lies at the centre of the Principal-Agent problem where the incentives given to the CEO must be structured in such a way the he or she delivers the maximum possible shareholder value. The value of these incentives are typically well above that of the average worker, which is where all the contention stems from. However, practitioners recognise that bei…