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Executive Remuneration as a Corporate …

1 Executive Remuneration as a Corporate governance Problem By Christina Ionela Neokleous, PhD student in accounting , University of Essex, UK (Also holds BA accounting and Finance and MRes in accounting from University of Essex, UK and MSc International accounting and Finance from Cass Business School, City University London, UK) Introduction For many years, Executive compensation was a highly controversial subject that has attracted the attention of regulators, media and academics (Clarke and Branson, 2012, ). Their criticisms took many forms of concerns relating the level of Executive pay, its relationship with company performance and the failure of Executive pay setting ( board of directors, compensation committees) to stop this managerial excess (Clarke and Branson, 2012, ).

1 Executive Remuneration as a Corporate Governance Problem By Christina Ionela Neokleous, PhD student in Accounting, University of Essex, UK (Also holds BA Accounting and Finance and MRes in Accounting from University of Essex, UK and

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