Greenbury Report (UK)

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionary

Abstract

The Greenbury Report on Directors Remuneration (1995) (hereafter called the Greenbury Report) was one of the first comprehensive governance codes directly addressing executive and director remuneration. The Greenbury Report was commissioned by the Confederation of British Industry in response to public concerns over recently privatised public utilities and the salaries and bonuses earned by executives while they implemented jobs cuts and service price increases. The Greenbury Report recommended an independent remuneration committee, linking executive pay to corporate financial and operational performance measures and increased the requirements for disclosure and transparency on directors’ remuneration. However, the credibility of the Greenbury Report was challenged due to the composition of the group, it was not deemed to be independent of the sector it was to investigate, and it was argued that its recommendations did not go far enough.
Original languageEnglish
Title of host publicationEncyclopedia of Sustainable Management
EditorsS. Idowu, R. Schmidpeter, N. Capaldi, L. Zu, M. Del Baldo, R. Abreu
PublisherSpringer Nature
Chapter52
Number of pages6
Volume52
Edition1
ISBN (Electronic)978-3-030-02006-4
DOIs
Publication statusPublished - 5 Apr 2020

Keywords

  • Greenbury Report
  • Director Remuneration
  • Remuneration Report

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    O'Connell, M., & Ward, A-M. (2020). Greenbury Report (UK). In S. Idowu, R. Schmidpeter, N. Capaldi, L. Zu, M. Del Baldo, & R. Abreu (Eds.), Encyclopedia of Sustainable Management (1 ed., Vol. 52). [1] Springer Nature. https://doi.org/10.1007/978-3-030-02006-4_52-1