Corporate Governance and Regulation of Directors' Pay
Professor Jonathan Rickford, Fellow at the British Institute of International and Comparative Law, gave an interview on 1 March 2006 to Swiss broadcasting station Schweizer Fernsehen. The interview concerned corporate governance and the regulation of executive directors' and chief executive officers' remuneration in major listed companies. The interview was provoked by the announcement of the annual results of the Swiss pharmaceuticals company Novartis.
Jonathan discussed the British system of regulating directors' rewards through mandatory public disclosure of the levels of remuneration, of performance criteria and relative company comparators and mandatory votes on the company's remuneration policy at company general meetings. He compared the British approach with the provisions on this problem in the United States and continental Europe.
The interview can be accessed by opening the following link.
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