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Full-Text Articles in Law
Beyond Economics In Pay For Performance, Tamara C. Belinfanti
Beyond Economics In Pay For Performance, Tamara C. Belinfanti
Hofstra Law Review
This article argues that while much of the intellectual energy has focused on the economics of executive pay, the challenge of executive compensation is as much a challenge of human behavior as it is one of economics. The raison d’etre of pay for performance (PFP) is to motivate executives to make decisions that are in the best interest of their firm and its shareholders. Attention to the relevant individual, situational, cultural, and institutional dynamics (what I term “behavioral dynamics”) that affect how executives are motivated and how they value future rewards is critical for the sustainability of PFP as a …
The Stakeholder Principle, Corporate Governance, And Theory: Evidence From The Field And The Path Onward, P.M. Vasudev
The Stakeholder Principle, Corporate Governance, And Theory: Evidence From The Field And The Path Onward, P.M. Vasudev
Hofstra Law Review
This article provides an overview of the development of the stakeholder idea in corporate governance, and presents the results from a survey of the American, British and Canadian corporations included in the Fortune 500 Global Corporations (2009) for their adoption of thestakeholder principle. The survey finds near-unanimous acceptance of the stakeholder vision. 97 percent of the US, UK, and Canadian companies included in the survey acknowledge the stakeholder principle in some form. The trend of adoption of the stakeholder model is unmistakable, and this has significant implications for corporate theory. The article also examines how the emerging ideas about stakeholders …