|Title of host publication||Encyclopedia of Sustainable Management|
|Editors||S. Idowu, R. Schmidpeter, N. Capaldi, L. Zu, M. Del Baldo, R. Abreu|
|Number of pages||6|
|Publication status||Published - 5 Apr 2020|
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.
- Greenbury Report
- Director Remuneration
- Remuneration Report