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.
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© 2006 Geoffrey Owen, Tom Kirchmaier and Jeremy Grant
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Owen, G., Kirchmaier, T., Grant, J. (2006). Sean O’Hare on UK Compensation Trends. In: Corporate Governance in the US and Europe. Palgrave Macmillan, London. https://doi.org/10.1057/9780230512450_12
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DOI: https://doi.org/10.1057/9780230512450_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-54717-3
Online ISBN: 978-0-230-51245-0
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