In an effort to make CEOs act like they have skin in the game - the past 30 years have brought a mindshift in shareholders’ thinking about CEO compensation: they moved from cash only compensation to incentive compensation with stock options and other equity incentives. It seemed a sensible choice at the time - to tie compensation to performance.
Read moreAlthough corporate governance is a hot topic in boardrooms today, it is a relatively new field of study. Its roots can be traced back to the seminal work of Adolf Berle and Gardiner Means in the 1930s, but the field as we now know it emerged only in the 1970s.
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