Greenbury Report (UK)

Maeve O'Connell; Ann-Marie Ward

doi:10.1007/978-3-030-02006-4_52-1

Greenbury Report (UK)

Research output: Chapter in Book/Report/Conference proceeding › Entry for encyclopedia/dictionary › peer-review

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 language	English
Title of host publication	Encyclopedia of Sustainable Management
Editors	S. Idowu, R. Schmidpeter, N. Capaldi, L. Zu, M. Del Baldo, R. Abreu
Publisher	Springer Nature
Chapter	52
Number of pages	6
Volume	52
Edition	1
ISBN (Electronic)	978-3-030-02006-4
DOIs	https://doi.org/10.1007/978-3-030-02006-4_52-1
Publication status	Published (in print/issue) - 5 Apr 2020

Keywords

Greenbury Report
Director Remuneration
Remuneration Report

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1007/978-3-030-02006-4_52-1

Cite this

@inbook{f4843ba62ef84faa84b57fe90436985a,

title = "Greenbury Report (UK)",

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{\textquoteright} 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. ",

keywords = "Greenbury Report, Director Remuneration, Remuneration Report",

author = "Maeve O'Connell and Ann-Marie Ward",

year = "2020",

month = apr,

day = "5",

doi = "10.1007/978-3-030-02006-4_52-1",

language = "English",

volume = "52",

editor = "Idowu, {S. } and Schmidpeter, {R. } and Capaldi, {N. } and L. Zu and {Del Baldo}, {M. } and R. Abreu",

booktitle = "Encyclopedia of Sustainable Management",

publisher = "Springer Nature",

address = "Switzerland",

edition = "1",

}

TY - CHAP

T1 - Greenbury Report (UK)

AU - O'Connell, Maeve

AU - Ward, Ann-Marie

PY - 2020/4/5

Y1 - 2020/4/5

N2 - 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.

AB - 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.

KW - Greenbury Report

KW - Director Remuneration

KW - Remuneration Report

U2 - 10.1007/978-3-030-02006-4_52-1

DO - 10.1007/978-3-030-02006-4_52-1

M3 - Entry for encyclopedia/dictionary

VL - 52

BT - Encyclopedia of Sustainable Management

A2 - Idowu, S.

A2 - Schmidpeter, R.

A2 - Capaldi, N.

A2 - Zu, L.

A2 - Del Baldo, M.

A2 - Abreu, R.

PB - Springer Nature

ER -

Greenbury Report (UK)

Abstract

Keywords

UN SDGs

Access to Document

Fingerprint

Cite this