ABSTRACT
This chapter discusses the thorny issue of executive pay, and considers a variety of tools that can be used to control it ways of tackling remuneration excesses and also ways of empowering those who care enough to take a stance on the issue. It also focuses on the particularly controversial matter of executive pay. Corporate governance, as a discipline in its own right, has been discussed extensively for a long time. Paradoxically, allowing Lehman Brothers to collapse cost the US industry more than less, since to come out of the subsequent panic, regulators had to salvage numerous firms that neared collapse. It is also significant to emphasise that say-on-pay has increased the importance of proxy advisory firms in the pay dialogue, particularly the Institutional Shareholder Services (ISS), which has contributed significantly to the negative votes received in the first year of the provision with regards to pay for performance.
