Board Structure and Executive Pay : Evidence from the UK

@inproceedings{Guest2012BoardSA,
  title={Board Structure and Executive Pay : Evidence from the UK},
  author={Paul M. Guest},
  year={2012}
}
  • Paul M. Guest
  • Published 2012
We examine the impact of board structure on executive pay for 1,880 UK public firms over 1983-2002, using panel data analysis. Firstly, the proportion of non-executive directors tends to decrease the rate of increase in executive pay whilst board size tends to increase it. Secondly, the proportion of non-executives strengthens the relation between the rate of increase in executive pay and changes in performance. In particular, although for firms in general the pay-performance link is much… CONTINUE READING