Introduction
PART I: HISTORY AND THEORY
1. The Politics of Pay: A Legislative History of Executive Compensation
Kevin Murphy
2. US Executive Compensation in Historical Perspective
Harwell Wells
3. Executive Pay and Corporate Reform in the UK: What Has Been Achieved?
Steve Thompson
4. Governance Codes, Managerial Remuneration and Disciplining in the UK: A History of Governance Reform Failure?
Luc Renneboog and Grzegorz Trojanowski
5. Agency Theory and Incentive Compensation
William Bratton
6. Bankers’ Compensation and Prudential Supervision: The International Principles
Guido Ferrarini
7. Reforming Financial Executives’ Compensation for the Long-Term
Sanjai Bhagat and Roberta Romano
PART II: THE STRUCTURE OF EXECUTIVE PAY
8. How to Avoid Compensating the CEO for Luck: The Case of Macroeconomic Fluctuations
Lars Oxelheim Wihlborg and Jianhua Zhang
9. CEO Compensation and Stock Options in IPO Firms
Salim Chahine and Marc Goergen
10. Corporate Governance Going Astray: Executive Remuneration Built to Fail
Jaap Winter
PART III: CORPORATE GOVERNANCE AND EXECUTIVE COMPENSATION
11. Regulating Executive Remuneration After the Global Financial Crisis: Common Law Perspectives
Jennifer Hill
12. Institutional Investor Preferences and Executive Compensation
Joseph McCahery and Zacharias Sautner
13. Say On Pay and the Outrage Constraint
Kym Sheehan
14. Taxing Executive Compensation
Glen Loutzenhiser
15. Insider Trading and Executive Compensation: What We Can Learn From The Experience With Rule 10b5-1
M. Todd Henderson
16. Executive Compensation Consultants
Ruth Bender
PART IV: INTERNATIONAL PERSPECTIVES ON EXECUTIVE PAY
17. Lessons From the Rapid Evolution of Executive Remuneration Practices in Australia: Hard Law, Soft Law, Boards and Consultants
Randall Thomas
18. Presidents’ Compensation in Japan
Katsuyuki Kubo
19. Top Executive Pay in China
Michael Firth, Tak-Yan Leung and Oliver Rui
20. Executive Compensation and Pay For Performance in China
Martin Conyon and Lerong He
21. Executive Compensation in India
Rajesh Chakrabarti, Krishnamurthy Subramaniam, Pradeep Yadav and Yesha Yadav
22. The EU and Executive Pay: Managing Harmonization Risks
Niamh Moloney
23. Executive Compensation Under German Corporate Law: Reasonableness, Managerial Incentives and Sustainability in Order to Enhance Optimal Contracting and to Limit Managerial Power
Brigitte Haar
24. Director and Executive Compensation Regulations for Italian Listed and Private Corporations
Carlo Amatucci and Manlio Lubrano
