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Regulating corporate directors' pay and performance: a comparative review.

Ezeani, Elimma C.; Williams, Elizabeth

Authors

Elimma C. Ezeani

Elizabeth Williams

Abstract

This article looks at the practice and reform with regard to directors' pay and performance in Australia, the United Kingdom (UK) and Nigeria. It examines the use and impact of incentive plans, long-term, short-term, and performance-related, in compensating directors. Although all three jurisdictions can benefit from further reforms, this work finds that Australia's strong oversight of directors' pay and performance provide a more robust corporate governance strategy than the other two jurisdictions. It also argues that contrary to the UK's non-interventionist approach, without a robust regime for addressing directors' pay, the chances of corporate failure are increasingly greater. Emerging economies like Nigeria need even stronger oversight to attract much needed investment and maintain confidence in the Nigerian corporate sector.

Journal Article Type Article
Publication Date Dec 31, 2017
Journal African journal of international and comparative law
Print ISSN 0954-8890
Electronic ISSN 1755-1609
Publisher Edinburgh University Press
Peer Reviewed Peer Reviewed
Volume 25
Issue 4
Pages 482-506
Institution Citation EZEANI, E.C. and WILLIAMS, E. 2017. Regulating corporate directors' pay and performance: a comparative review. African journal of international and comparative law [online], 25(4), pages 482-506. Available from: https://doi.org/10.3366/ajicl.2017.0208
DOI https://doi.org/10.3366/ajicl.2017.0208
Keywords Compensation; Corporate governance; Directors; Pay; Performance; Reform

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