Executive Remuneration In Germany And The UK

Law360, New York (September 23, 2009, 12:47 PM EDT) -- The financial crisis has prompted widespread criticism of compensation practices in both the financial and nonfinancial sectors. There is international consensus on the need to curb rewards based on excessive short-term risk taking and ensure greater board accountability and independence.

Many countries have implemented local initiatives as a result of populist concerns that the remuneration practices of banks and financial institutions were at least a contributory factor in the financial crisis.

However, it is increasingly recognized that, particularly in the financial sector, there is a pressing...
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