ABSTRACT
Shareholders are increasingly vociferous in their denunciation of pay awards for executives, particularly executive directors. On the face of it, there appears to be a growing rift between investors and the corporate management teams charged with delivering a return to investors. Some might question how a rift can exist if both management and shareholders seek the same end – i.e. a return on their investment. In reality, the nature of the respective investments made by management and shareholders differs, and whilst increased shareholder value is key to achieving both sides’ goals, each may look to a different set of criteria to measure success.
