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C/HR/32. The practice of executive remuneration in UK

(2004, 2500 words)

The paper discusses the determinants that affect the pay level of CEOs. The discussion outlines the role of CEO in the organisation and the relationship between his importance and remuneration level. The discussion reviews various theoretical stances as principal-agent theory, corporate governance and external ownership, and task complexity and CEO specific skills and competence. The paper reviews the remuneration practice in three UK based firms (Barclays Bank; HSBC Bank Plc and Royal bank of Scotland) in order to show the way pay level is determined in real life situation.



 
   
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