Corporate governance and executive remuneration are not new phenomena,
but have erupted to the forefront of corporate, academic and public attention as
a result of a series of well publicized corporate collapses and scandals over the
last decade, which have raised both a curiosity of executive remuneration
levels, and an awareness of the potential impact of conflicts of interest between
owners and executives in modern corporations. Although literature on corporate
governance and executive remuneration in general is plentiful, there is a lack of
comment on the relationships between certain specific components of these two
broad constructs. These specific components, such as disclosure, executive
remuneration and governance needed to be analysed individually before they
could be combined into a whole that explains both their interrelationships with
each other and the larger corporate governance sub-system, and ultimately in
the corporation, as an organisational system.
In view of greater globalisation of the world economy, and the market for
executive talent, the consequent reforms in the fields of corporate governance
and executive remuneration, as well as the changing competitive dynamics of
modern corporations, it was necessary to examine whether traditional theory
and regulatory frameworks have kept pace with corporate development. A
review of both classic and current literature show vastly different approaches to
both executive remuneration and corporate governance mechanisms practiced
around the world. There is however a noticeable trend towards convergence of
these different sub-systems.The most prominent differences in respect of these
sub-systems relate to the extent to which disclosures are made. Some of these
issues relate to full or limited disclosure, internal or external corporate
governance measures to regulate executive remuneration, and differences in
respect of a narrow shareholder focus or broad stakeholder focus of different
interests in an organisation. / Business Leadership / Ph.D. (Business Leadership)
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:uir.unisa.ac.za:10500/4789 |
| Date | 10 1900 |
| Creators | Ulrich, Neil |
| Contributors | De Villiers, J.A. (Prof.) |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | 1 online resource (448 leaves) : ill. |
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