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Investigating the Concept of Socially Responsible Executive Pay

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Responsible Corporate Governance

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

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Abstract

This book chapter discusses the notion of socially responsible executive pay, by focusing on the link between the compensation of top managers and corporate social responsibility (CSR). Building on the review of the literature dedicated to the analysis of a relationship between pay and CSR-related measures, combined with the results of executive compensation and performance management research, I discuss the applicability of the standard principal-agent theory, in order to examine socially responsible CEO compensation, and possible ways to design respective remuneration schemes. An outline of the international aspects of socially responsible executive pay, related to variations in legal contexts and corporate governance configurations across the globe, is followed by conclusions which summarise the arguments of this book chapter and map out avenues for future research.

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Authors and Affiliations

  1. Cologne Business School (CBS), Cologne, Germany

    Ihar Sahakiants

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  1. Ihar Sahakiants
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Correspondence to Ihar Sahakiants .

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Editors and Affiliations

  1. Department of Management Theory, Warsaw School of Economics, Warsaw, Poland

    Maria Aluchna

  2. Guildhall Faculty of Business and Law, London Metropolitan University, London, United Kingdom

    Samuel O. Idowu

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Sahakiants, I. (2017). Investigating the Concept of Socially Responsible Executive Pay. In: Aluchna, M., Idowu, S. (eds) Responsible Corporate Governance. CSR, Sustainability, Ethics & Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-55206-4_11

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